Financial Intermediaries Act 1996
sec.81Registration of alteration of rules
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sec.81 Registration of alteration of rules
The registrar must register an alteration of a society’s rules if the registrar is satisfied— the alteration is not contrary to this Act or the standards; and there is no good reason why the alteration should not be registered. The alteration takes effect when it is registered. The society’s rules must be read subject to any registered alteration. s 81 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.81-ssec.1) The registrar must register an alteration of a society’s rules if the registrar is satisfied— the alteration is not contrary to this Act or the standards; and there is no good reason why the alteration should not be registered. (sec.81-ssec.2) The alteration takes effect when it is registered. (sec.81-ssec.3) The society’s rules must be read subject to any registered alteration.
- (a) the alteration is not contrary to this Act or the standards; and
- (b) there is no good reason why the alteration should not be registered.