Statutory Instrument 1993 No. 547

The Friendly Societies (General Charge and Fees) Regulations 1993

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© Crown Copyright 1993

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1993 No. 547

FRIENDLY SOCIETIES

The Friendly Societies (General Charge and Fees) Regulations 1993

The Treasury, in exercise of the powers conferred on them by sections 2(2) and 114(2) of the Friendly Societies Act 1992^[1] and section 104(1) of the Friendly Societies Act 1974^[2] and of all other powers enabling them in that behalf, hereby make the following Regulations:

Citation and commencement
    1.    These Regulations may be cited as the Friendly Societies (General Charge and Fees) Regulations 1993 and shall come into force on 1st April 1993.

Interpretation
    2.    In these Regulations:
"the 1974 Act" means the Friendly Societies Act 1974;


"the 1992 Act" means the Friendly Societies Act 1992;


"accounting year" means the period of 12 months beginning with 1st April;


"the central office" means the central office as defined in section 119 of the 1992 Act;


"operative date" means 1st April;


"relevant year" means the period of 12 months ending with 31st December of a year preceding the year in which the accounting year begins;


"society" means a society registered under the 1974 Act or a friendly society incorporated under the 1992 Act; and


"transfer of engagements" means a transfer of engagements under section 86 of the 1992 Act or under section 82 of the 1974 Act.

General charge in respect of an accounting year
    3.—(1)  A friendly society which is registered under the 1974 Act on the operative date of 1993, or of any subsequent year, shall pay to the Commission, with respect to the accounting year beginning on each operative date, a sum determined in accordance with Schedule 1 to these Regulations using the value of the friendly society's specified income for the relevant year.

    (2)  Where, after 31st December of a year and before the operative date of the following year (in this paragraph referred to as "the particular operative date"), a friendly society has transferred its engagements to another friendly society, the transferee friendly society shall, in addition to any other sum payable by it under this regulation, pay, with respect to the accounting year beginning with the particular operative date, any sum which would have been payable by the transferor friendly society had it been subject to paragraph (1) above on the particular operative date.

    (3)  For the purposes of these Regulations, the value of a friendly society's specified income for the relevant year, relating to the accounting year with respect to which any sums are payable under paragraphs (1) or (2) above, is the value determined in accordance with Schedule 1 to these Regulations.

Payment of the general charge
    4.    Any sums payable under regulation 3 above by a friendly society shall be paid on or before 1st November of the accounting year with respect to which the sums are payable.

Fees in respect of particular functions of Central Office, Chief Registrar and Commission
    5.—(1)  Upon making an application of a nature specified in Schedule 2 to these Regulations, the person who makes that application shall pay the relevant fee specified in that Schedule.

    (2)  Any sums payable under paragraph (1) above shall be paid, in respect of functions performed by the Chief Registrar or the Central Office, to the Chief Registrar and in respect of functions performed by the Commission, to the Commission.

Inspection and copying fees
    6.    Any person wishing to inspect or to be furnished with a copy of any document in the custody of the Central Office shall, upon making such request to inspect or to be furnished with a copy, as the case may be, pay to the Chief Registrar the relevant fee specified in Schedule 3 to these Regulations.

Revocations
    7.    Regulation 16 of, and Schedule 2 to, the Friendly Societies Regulations 1975^[3] and the Friendly Societies (Fees) Regulations 1992^[4] are revoked.

Tim Wood

Tim Kirkhope

Two of the Lords Commissioners of Her Majesty's Treasury

8th March 1993

[1] 1992 c. 40. back

[2] 1974 c. 46. back

[3] S.I. 1975/205, amended by S.I. 1992/498. back

[4] S.I. 1992/498. back

Explanatory Note