Demutualisation Scheme definition
Demutualisation Scheme means the scheme pursuant to section 49 of, and Schedule 2C to, the Insurance Companies ▇▇▇ ▇▇▇▇ (application no. 2651 of 2001), which took effect on the Demutualisation Scheme Effective Date (and which was amended by order of the Court on 29 July 2004) which provided for the demutualisation of Friends Provident Life Office and which ceased to have effect in accordance with the terms of the 2012 Scheme; "Demutualisation Scheme Effective Date" means 07.30 on 9 July 2001;