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FINANCIAL SECTOR REFORM (AMENDMENTS AND TRANSITIONAL PROVISIONS) REGULATIONS 1999 1999 NO. 144 - REG 33
Continued effect of certain prudential standards for friendly societies
- (1)
- This regulation applies to the following prudential standards for friendly
societies, as in force under section 28 of the AFIC Code immediately before
the transfer date:
- (a)
- Prudential Standard 6.1 (relating to risk
management);
- (b)
- Prudential Standard 6.3C (relating to audit);
- (c)
- Prudential Standard 6.4A (relating to subsidiaries);
- (d)
- Prudential Standard 6.4C (relating to guarantees);
- (e)
- Prudential Standard 6.4D (relating to service contracts);
- (f)
- Prudential Standard 6.4E (relating to overseas trading);
- (g)
- Prudential Standard 6.7 (relating to non-benefit fund based funds
management and associated market activities).
- (2)
- Each prudential standard continues to have effect for the purpose of the
provisions of the Life Insurance Act 1995 applying to friendly societies.
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