Regulation 8 Amendment of regulation 6 of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991

in paragraph (3), at the end, there shall be added the words “provided the terms of such policy or contract are not capable of being amended, revoked or rescinded";

in paragraph (4), for the definitions of “friendly society" and of “authorised friendly society" there shall be substituted respectively the following definitions–

““friendly society" has the same meaning as in the Friendly Societies Act 1992 (including any society which by virtue of section 96(2) of that Act is to be treated as a registered friendly society within the meaning of that Act);”; and

““authorised friendly society" means a friendly society which is authorised under section 32 of the Friendly Societies Act 1992 to carry on long term business under any of the Classes specified in Head A of Schedule 2 to that Act.”.