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Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999
16JModification of section 43
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16J Modification of section 43
Section 43 has effect in relation to a friendly society as if the following paragraph were inserted after paragraph (3)(b):
(ba) nothing in this Act authorises a friendly society to make an investment of assets of an approved benefit fund unless:
(i) the investment is of a kind provided for by the approved benefit fund rules; and
(ii) the investment complies with the requirements (if any) in Prudential Rules;