UK Statutory Instrument SI 1994/1984 United Kingdom

The Friendly Societies Act 1992 (Amendment) Regulations 1994

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm8 Any Person3 Data Controller1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 167 other Acts
Any Person — also bound by 2340 other Acts
Data Controller — also bound by 35 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

sch. 1 para. 8 sch. 1 para. 8 Regulated
  • Notify the friendly society within 7 days of becoming or ceasing to be a controllerData Controller
sch. 2 para. 1 sch. 2 para. 1 Regulated
  • Get regulatory approval before selling insurance across EU branchesFinancial Services Firm
sch. 2 para. 11 sch. 2 para. 11 Regulated
  • Notify the Commission before providing insurance in the UK via an overseas branchFinancial Services Firm
sch. 2 para. 2 sch. 2 para. 2 Regulated
  • Notify regulators before changing EC details of an overseas insurance branchFinancial Services Firm
sch. 2 para. 5 sch. 2 para. 5 Regulated
  • Notify Commission before providing insurance in another EU member stateFinancial Services Firm
sch. 2 para. 6 sch. 2 para. 6 Regulated
  • Notify the Commission before changing insurance details in another member stateFinancial Services Firm
sch. 2 para. 8 sch. 2 para. 8 Regulated
  • Notify the Commission when ceasing insurance business in another EU member stateFinancial Services Firm
sch. 2 para. 9 sch. 2 para. 9 Regulated
  • Notify the Commission before providing insurance in an EFTA StateFinancial Services Firm
sch. 3 para. 1 sch. 3 para. 1 Regulated
  • Provide pre-contract information to customers before entering into long-term insurance contractsAny Person
sch. 3 para. 2 sch. 3 para. 2 Regulated
  • Inform policyholders of changes in key information and notify them of bonuses annuallyFinancial Services Firm
sch. 3 para. 3 sch. 3 para. 3 Regulated
  • Inform individual customers about complaints handling and applicable law before contractAny Person
sch. 3 para. 4 sch. 3 para. 4 Regulated
  • Disclose EU member state covering insurance risks before contractAny Person
33 other provisions — procedural and definitional
sch. 2 para. 3 sch. 2 para. 3
s.001 Citation, commencement and extent
s.002 Interpretation
s.003 Functions of Commission
s.004 Grant of authorisation by Commission: general
s.005 Grant of unconditional or conditional authorisation
s.006 Withdrawal of authorisation in respect of new business
s.007 Withdrawal of authorisation to carry on insurance business
s.008 Margins of solvency
s.009 Adequacy of assets
s.010 Adequacy of premiums in respect of long term insurance
s.011 Criteria of prudent management
s.012 Application to court
s.013 Prohibition on disposal of assets
s.014 Supervision of controllers
s.015 Recognition of societies in accordance with insurance Directives
s.016 Notification by Commission of measures taken by it
s.017 Powers to obtain information and documents etc.
s.018 Exceptions from restrictions on disclosure
s.019 Investigations on behalf of Commission
s.020 Inspections: supplementary provision
s.021 Information for members
s.022 Statutory notice
s.023 Right to withdraw from transaction
s.024 Service of notice of cancellation
s.025 Confirmation by Commission
s.026 Actuary’s report as to margin of solvency
s.027 Actuary’s report on transfer of long term business
s.028 Issue of certificates by Commission
s.029 Insurance business etc.
s.030 General interpretation
s.031 Meaning of “associate”
s.032 Meaning of “main agent”

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.