PART 6ENACTMENTS RELATING TO MUTUAL SOCIETIES

CHAPTER Iprimary legislation

Friendly and Industrial and Provident Societies Act 1968 (c. 55)

Power of societies to disapply obligation to appoint auditors184

1

Section 4A of the Friendly and Industrial and Provident Societies Act 1968128 (power of societies to disapply section 4) is amended as follows.

2

In subsection (3)(e) the words “within the meaning of the Banking Act 1987” are repealed.

3

After subsection (8), insert—

9

In subsection (3), the reference to a deposit must be read with—

a

section 22 of the Financial Services and Markets Act 2000;

b

any relevant order under that section;

c

Schedule 2 to that Act.