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Application provision

1.1 Unless otherwise stated, this Part applies to a non-directive friendly society.



A firm must notify the PRA of:

  1. (1) any affiliated company:
    1. (a) in which no participation is held by another affiliated company; and
    2. (b) which is not a subsidiary; but
    3. (c) which is linked by a consolidation Article 12(1) relationship with another affiliated company; and
  2. (2) the value of that affiliated company calculated in accordance with 5.