Source: http://www.legislation.gov.uk/ukpga/1992/40/schedule/5
Timestamp: 2013-05-25 22:08:09
Document Index: 681131327

Matched Legal Cases: ['art. 3', 'art. 2', 'art. 3', 'art. 4', 'art. 4', 'art. 5', 'art. 7', 'art. 4', 'art. 4', 'art. 2', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 13', 'art. 2', 'art. 5', 'art. 2', 'art. 13', 'art. 2', 'art. 2', 'art. 5', 'art. 2']

Skip to main contentSkip to navigationlegislation.gov.ukThe National ArchivesHelpSite MapAccessibilityContact UsHomeAbout UsBrowse LegislationNew LegislationChanges to LegislationSearch LegislationSearch LegislationTitle: (or keywords in the title)Year:Number:Type:All Legislation (excluding draft)All Primary Legislation UK Public General Acts UK Local Acts Acts of the Scottish Parliament Acts of the National Assembly for Wales Measures of the National Assembly for Wales Church Measures Acts of the Northern Ireland Assembly Acts of the Old Scottish Parliament Acts of the English Parliament Acts of the Old Irish Parliament Acts of the Parliament of Great Britain Northern Ireland Orders in Council Measures of the Northern Ireland Assembly Acts of the Northern Ireland ParliamentAll Secondary Legislation UK Statutory Instruments Wales Statutory Instruments Scottish Statutory Instruments Northern Ireland Statutory Rules Church Instruments UK Ministerial Orders UK Statutory Rules and OrdersAll Draft Legislation UK Draft Statutory Instruments Scottish Draft Statutory Instruments Northern Ireland Draft Statutory RulesAll Impact Assessments UK Impact AssessmentsSearchAdvanced SearchFriendly Societies Act 1992You are here:1992 c. 40SCHEDULE 5Table of ContentsContentMore ResourcesPrevious: ScheduleNext: SchedulePlain ViewPrint Options
Changes to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to Friendly Societies Act 1992. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationRevised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.Changes and effects yet to be applied to the whole Act, associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Blanket Amendment words substituted by 2005 c. 4 Sch. 11 para. 5Blanket amendment words substituted by S.I. 2011/1043 art. 3 6Whole provisions yet to be inserted into this Act (including any effects on those provisions):s. 69A-69I substituted for s. 69 70 by S.I. 2005/2211 art. 2s. 69A(4) text amended by S.I. 2007/126 Sch. 6 para. 10(2)s. 69E(5) text amended by S.I. 2007/126 Sch. 6 para. 10(3)s. 69I(2)(a) words substituted by S.I. 2008/948 Sch. 1 para. 183s. 69J-69K inserted by S.I. 2005/2211 Sch. para. 2s. 69L inserted by S.I. 2008/1140 art. 3s. 69M inserted by S.I. 2008/1140 art. 4(1)s. 71A inserted by S.I. 2005/2211 art. 4s. 74-74C substituted for s. 74 by S.I. 2008/1140 art. 5s. 78A inserted by S.I. 2005/2211 Sch. para. 3s. 78A(1) text amended by S.I. 2008/1140 art. 7(1)s. 78A(1) words inserted by S.I. 2008/948 Sch. 1 para. 15(2)s. 78A(1) words substituted by S.I. 2008/948 Sch. 1 para. 184s. 78A(3) inserted by S.I. 2008/948 Sch. 1 para. 15(3)s. 105A inserted by S.I. 2003/2867 Sch. para. 20s. 119AA 119AB inserted by S.I. 2011/593 art. 4(2)Sch. 13D-13E inserted by S.I. 2005/2211 Sch. para. 6Sch. 13D para. 12 omitted by S.I. 2008/1140 art. 4(3)Sch. 13E para. 3(2)(a) words substituted by S.I. 2008/948 Sch. 1 para. 186(2)Sch. 13E para. 7(3)(a) words substituted by S.I. 2008/948 Sch. 1 para. 186(2)Sch. 13E para. 11(2)(a) words substituted by S.I. 2008/948 Sch. 1 para. 186(2)Sch. 13E para. 15(2)(a) words substituted by S.I. 2008/948 Sch. 1 para. 186(2)Sch. 13E para. 18(2)(a) words substituted by S.I. 2008/948 Sch. 1 para. 186(2)Sch. 13E para. 9(5) words substituted by S.I. 2008/948 Sch. 1 para. 186(3)(a)Sch. 13E para. 9(6)(b) words substituted by S.I. 2008/948 Sch. 1 para. 186(3)(a)Sch. 13E para. 9(6)(a) words substituted by S.I. 2008/948 Sch. 1 para. 186(3)(b)Sch. 13F inserted by S.I. 2008/1140 Sch. 1 para. 1Commencement Orders yet to be applied to the Friendly Societies Act 1992:Commencement OrdersThis section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.Commencement Orders bringing legislation that affects this Act into force:S.I. 2004/3322 art. 2(1) Sch. 1-4 commences (2004 c. 27)S.I. 2005/910 art. 3(aa) commences (2003 c. 39)S.I. 2005/3175 art. 2(2) commences (2004 c. 33)S.I. 2009/36 art. 2 commences (2007 c. 26)S.I. 2009/1604 art. 2 commences (2005 c. 4)S.I. 2009/3250 art. 2(h) art. 2(i) commences (2007 c. 29)Section 7.SCHEDULE 5E+W+S+N.I. Additional Activities of Incorporated Societies IntroductoryE+W+S+N.I.1An incorporated friendly society may do anything mentioned in the following provisions of this Schedule in the manner directed by the society’s rules.E+W+S+N.I. Loans out of separate loan fundE+W+S+N.I.2(1)An incorporated friendly society may, out of any separate loan fund to be formed by contributions or deposits from its members, make loans to members on their personal security, with or without sureties or, in Scotland, cautioners, subject to the restrictions in sub-paragraphs (2) to (4) below.E+W+S+N.I.(2)A loan shall not at any time be made out of money contributed otherwise than for the purpose of the loan fund.(3)A member shall not be capable of holding any interest in the loan fund exceeding £800.(4)The society shall not—(a)make any loan to a member on personal security beyond the amount fixed by the rules, or make any loan which, together with any money owing by a member to the society, exceeds £200; or(b)hold at any one time on deposit from its members any money beyond the amount fixed by the rules, and the amount so fixed shall not exceed two thirds of the total sums owing to the society by the members who have borrowed from the loan fund.(5)The [F1Treasury may by order] amend sub-paragraph (3) or (4) above to substitute, for the sum for the time being specified in that sub-paragraph, such greater sum as is specified in the order.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F1Words in Sch. 5 para. 2(5) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 122(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)Modifications etc. (not altering text)C1Sch. 5 para. 2(5): Functions of the Friendly Societies Commission transferred (1.12.2001) to the Treasury by S.I. 2001/2617, arts. 2(b), 4(1), Sch. 1 Pt. II (with art. 5); S.I. 2001/3538, art. 2(1) Power to set up funds for purchasing Government SecuritiesE+W+S+N.I.3(1)An incorporated friendly society may set up and administer a fund for the purchase, on behalf of members contributing thereto, of Defence Bonds, National Savings Certificates, Ulster Savings Certificates or such other securities of Her Majesty’s Government as the [F2Treasury] may prescribe.E+W+S+N.I.(2)A society may allow persons to become members of the society for the purpose only of contributing to a fund set up by virtue of this paragraph.(3)Any securities prescribed, before the commencement of this paragraph, for the purposes of section 47 of the 1974 Act shall be treated as having been prescribed under sub-paragraph (1) above.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F2Words in Sch. 5 para. 3(1) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 122(b) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)Modifications etc. (not altering text)C2Sch. 5 para. 3(1): Functions of the Friendly Societies Commission transferred (1.12.2001) to the Treasury by S.I. 2001/2617, art. 2(b), 4(1), Sch. 1 Pt. II (with art. 5); S.I. 2001/3538, art. 2(1) Investment of funds in housing associationE+W+S+N.I.4(1)An incorporated friendly society may invest funds of the society in subscribing for any of the share or loan capital of a housing association (within the meaning of the Housing Associations Act 1985) other than shares or debentures not fully paid up at the time of issue.E+W+S+N.I.(2)This paragraph has effect without prejudice to any power the society may have by virtue of section 14 above. Accumulation of members’ surplus contributionsE+W+S+N.I.5An incorporated friendly society may accumulate at interest, for the use of any member, any surplus of his contributions to the funds of the society which may remain after providing for any assurance in respect of which they are paid and for the withdrawal of the accumulations.E+W+S+N.I. Subscriptions to other bodiesE+W+S+N.I.6An incorporated friendly society may subscribe out of its funds to any hospital, infirmary, charitable or provident institution, any annual or other sum which may be necessary to secure to members of the society and their families the benefits of that institution.E+W+S+N.I.7An incorporated friendly society may contribute to the funds and take part in the government of any other friendly society.E+W+S+N.I.Previous: ScheduleNext: ScheduleBack to topOptions/HelpPrint OptionsPrint The Whole ActPDF The Whole ActWeb page The Whole ActPrint This Schedule onlyPDF This Schedule onlyWeb page This Schedule onlyYou have chosen to open The Whole ActThe Whole Act you have selected contains over 200 provisions and might take some time to download. 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