Statutory Instruments 1999 No. 736
The Friendly Societies (General Charge and Fees) Regulations 1999 - continued

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SCHEDULE 3
Facility sought Fee payable
  £
     1. The inspection on any particular day of documents relating to a single society or branch.

 8.00
     2. For the provision of a copy of the whole of or an extract from any document-

    (a) where the copy is not certified as a true copy of a document in the custody of the Registrar-

      (i) where the copy does not exceed 5 pages, or for the first 5 pages of a copy which exceeds 5 pages

 3.00
(ii) for every page of a copy after the fifth page

 0.60
(b) where the copy is certified as provided in sub-paragraph (a) above (as an addition to whatever fee would be payable if the copy were not so certified)

 8.00
     3. In addition to any fee payable under paragraph 2 above, for the provision of a copy, or copies, of the whole of, or an extract from, any document by post

 5.00


EXPLANATORY NOTE

(This note is not part of the Regulations)


These Regulations provide for a general charge to be paid by friendly societies towards the expenses of the Friendly Societies Commission. The charge is levied with respect to the Commission's accounting year beginning 1st April 1999 and is expected to raise £1.26 million (an increase of 26 per cent from that raised for the accounting year beginning 1st April 1998). In accordance with Schedule 1, each friendly society is required to pay 0.435% of its "specified income" for the year to 31st December 1998, subject to a minimum of £300 and a maximum of £36,000. (Under the Friendly Societies (Fees and Charges) Regulations 1998 ("the 1998 Regulations") the percentage was 0.35%, and the minimum and maximum £250 and £29,000 respectively.) Where a society has a registered branch, the "specified income" includes that of the branch, save to the extent that the specified income of the branch comprises income received from the central body or from another registered branch of the society.

These Regulations also, by regulations 5 and 6 and Schedules 2 and 3, require and prescribe fees to be paid for matters transacted under the Friendly Societies Act 1974 or the Friendly Societies Act 1992. These have been increased by an average of 6.6 per cent. The increases are confined to certain items in Schedule 2, and the following table shows the relevant amounts payable under the 1998 Regulations and under these Regulations.

Paragraph in Schedule 2 to the 1999 Regulations Fee under the 1998 Regulations Fee under the 1999 Regulations
  £ £
     1. For the incorporation of a friendly society and the registration of the friendly society's rules-

    (a) where it relates to a new friendly society,

 800 900
(b) where it relates to an existing society

 675 750
     2. For the registration of a branch

 180 200
     3. For the grant of authorisation under section 32 of the 1992 Act in respect of each class of insurance business and each description of non-insurance business authorised

 1,060 1,090
     4. For the grant of authorisation under section 33 of the 1992 Act.

 175 180
     5. For the registration of an annual return or a set of annual accounts (except where the society or branch concerned has by written notice sent to the central office irrevocably elected to pay the fees specified in paragraph 6 of this Schedule)-

    (a) in the case of an annual return or a set of annual accounts for a year of account ended on or before 31st December 1998

      (i) where it relates to a society

 115 125
(ii) where it relates to a branch

 50 55
(b) in the case of an annual return or a set of annual accounts for any subsequent year of account-

    (i) where it relates to a society

 125 140
(ii) where it relates to a branch

 55 65
     6. The fees specified in this paragraph shall be payable where the society or branch concerned has by notice made an election under paragraph 5 of this Schedule:

    (a) for the acknowledgement of registration of an amendment of rules (including approval of name in the case of an amendment effecting a change of name of a society or branch)-

      (i) if the amendment substitutes an entire set of rules for the existing set of rules (except as provided in paragraph 19 of this Schedule)-

        (A) where made by a society

 450 500
(B) where made by a branch

 145 160
(ii) if the amendment does not substitute an entire set of rules for the existing set of rules

    (A) where made by a society

 225 250
(B) where made by a branch

 60 65
(e) for the acknowledgement of registration of an alteration of the memorandum of an incorporated friendly society

 250 275
     7. For the registration of a special resolution-

    (a) where the special resolution relates to an amalgamation or a transfer of engagements

 350 385
(b) where the special resolution relates to a conversion

 575 650
     8. For the appointment of an inspector or calling of a special meeting by the Chief Registrar

 225 250
     9. For the calling of a special meeting by the Commission

 535 550
     10. For the appointment of an inspector by the Commission

 215 220
     11. For the registration of an instrument of dissolution or alteration therein-

      (A) of a society

 400 440
(B) of a branch

 290 320
     16. For a document required to be signed by a Registrar, or to bear the seal of the central office, not chargeable with any other fee, provided that such fee shall not be paid by a society or branch which has not by notice elected as in paragraph 6 of this Schedule

 40 45
     17. For the approval of a form of model rules relating to a society registered as a working men's club submitted by a sponsoring association or body

 800 880
     18. For the approval of a form of model rules relating to a society registered as a working men's club submitted by a sponsoring association or body where such form of model rules amends an already approved form of model rules and contains a maximum of six amendments

 250 275
     20. For the confirmation of an amalgamation or a transfer of engagements

 2,120 2,180
     21. For the confirmation of an amalgamation or transfer of engagements where a society which is not a society to which section 37(2) or (3) of the 1992 Act applies has made an application which is accepted by the Commission for a reduction in the fee otherwise payable

 215 220
     22. For the approval by the Commission of a statement relating to an amalgamation or a transfer of engagements required to be sent by a society to its members under paragraph 1 of Schedule 15 to the 1992 Act or of a statement relating to a conversion required to be sent by a society to its members under paragraph 3 of that Schedule

 2,120 2,180
     23. For the approval by the Commission of a statement required to be sent by a society to its members as described in paragraph 22 of this Schedule where a society which is not a society to which section 37(2) or (3) of the 1992 Act applies has made an application which is accepted by the Commission for a reduction in the fee otherwise payable

 320 330
     25. For the registration of a scheme under section 6(5) of the 1992 Act

 110 120
     26. For a request to cancel the registration of the society

 40 50
     27. For the confirmation of a conversion

 2,120 2,180
     28. For the consent of the Commission that an instrument of dissolution or alteration shall be of effect for the purpose of effecting or facilitating a transfer of engagements to any other friendly society or to a company

 2,120 2,180
     29. For the consent of the Commission for a society to form or acquire control of a body corporate jointly with a person other than another incorporated friendly society

 2,120 2,180
     30. For the consent of the Commission for a society to undertake to fulfil the engagements of another society by a special resolution of the committee of management

 320 330
     31. For the grant of a dispensation by the Commission of the requirements of section 47(1) to (6) of the 1992 Act

 50 52
     32. For a direction to a society by notice extending the period (by not more than 3 months) within which the society shall send three copies of the abstract of the actuary's report which it is required to send to the Commission under section 46(3) of the 1992 Act

 50 52
     33. For a direction to a society by notice extending the period (by not more than 6 months) within which the society shall cause to be made and sent to the Commission the abstract of the actuary's report which under s.47(2) of the 1992 Act should be made and sent to the Commission

 50 52
     34. For the extension by the Commission of the period within which, under regulation 57(1) of the Friendly Societies (Insurance Business) Regulations 1994, a society is required to deposit three copies of the statement or underwriting account prepared by the society under regulation 55(1), (3) or (5), or 56(1) or (2) of those Regulations

 50 52
     35. For the consent of the Commission for a society to value implicit items in accordance with the provisions of regulations 9 to 11, with respect to long term business, and regulation 11, with respect to general business, of the Friendly Societies (Insurance Business) Regulations 1994

 205 210

The Regulations also revoke the Friendly Societies (Fees and Charges) Regulations 1998.

A regulatory impact assessment of the effect that this instrument would have on the cost of business is available from the Secretariat, Friendly Societies Commission, 25 North Colonnade, Canary Wharf, London E14 5HS.

ISBN 0 11 082312 5


 
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Prepared 12 April 1999