keep The Friendly Societies (Insurance Business) (Amendment) Regulations 1997
Minor 1997 amendment to the Friendly Societies (Insurance Business) Regulations 1994, inserting the words 'not exceeding the period' into regulation 31(3)(a) regarding timeframes for Friendly Societies conducting insurance business.
This is a trivial technical amendment that merely clarifies language by adding 'not exceeding' to limit a timeframe. Deleting it would leave the 1994 Regulations in force but with less precise wording, potentially creating ambiguity about compliance deadlines. The amendment imposes no additional regulatory burden—it merely clarifies existing requirements. While the underlying 1994 Regulations themselves may warrant broader review for competitiveness impacts on Friendly Societies, this specific amendment is benign and maintains clearer statutory language.