# The Friendly Societies (Provisional Repayments for Exempt Business) Regulations 1999, Regulation 10: Modifications of paragraph 3 of Schedule 19AB


(1) Paragraphs (2) to (7) specify modifications of paragraph 3 of Schedule 19AB in relation to exempt business of a friendly society.
(2) In sub-paragraph (1)–
(a) for the words “an insurance company's” there shall be substituted the words “a friendly society's”;
(b) for the words “the company” there shall be substituted the words “the society”;
(c) for the words “the insurance company” there shall be substituted the words “the friendly society”.
(3) In sub-paragraph (1A)–
(a) for the word “company” (wherever occurring) there shall be substituted the word “society”;
(b) for the words “pension business” (wherever occurring) there shall be substituted the words “tax exempt business”.
(4) In sub-paragraph (1B)–
(a) for the words “the company” there shall be substituted the words “the society”;
(b) for the words “the company's” there shall be substituted the words “the society's”.
(5) In sub-paragraph (1C) for the words “pension business” (wherever occurring) there shall be substituted the words “tax exempt business”.
(6) In sub-paragraph (5) for the word “company” there shall be substituted the word “society”.
(7) In sub-paragraph (8) for the word “company” (wherever occurring) there shall be substituted the word “society”.

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Source: https://www.legislation.gov.uk/uksi/1999/622/regulation/10 (the official version)
Page: https://openlegislation.uk/friendly-societies-provisional-repayments-for-exempt-business-regulations-1999/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.