delete REPEALS
Technical amendment to Friendly Societies Act 1992 updating terminology from 'member State'/'European Community' to 'EEA State'/'EEA States' to reflect the broader European Economic Area framework (including Norway, Iceland, Liechtenstein). Also revokes regulation 55 of the 1994 Insurance Business Regulations and contains transitional provisions for societies operating in non-EU EEA states.
This is a technical coordination amendment that simply updates terminology to expand references from EU member states to the broader EEA. While not burdensome in itself, it represents the kind of EU-derived legislation that was inherited wholesale post-Brexit without democratic scrutiny. The transitional provisions grandfather existing arrangements, meaning they preserve the status quo rather than add value. As part of the programme to identify and remove retained EU law, this should be deleted—the underlying Friendly Societies Act 1992 can be amended through primary legislation or more targeted instruments if needed.