Friendly and Industrial and Provident Societies Act 1968 (repealed) (c. 55)

Societies: accounts and audit, etc. E+W+S

9C F1 [F2 Power] to require accounts for past years to be audited. E+W+S

(1) The [F3 FCA] may give a direction to a society in respect of any relevant year of account of the society preceding that in which the direction is given—

(a) requiring it to appoint a qualified auditor or qualified auditors to audit its accounts and balance sheet for that year, and

(b) where it has sent to [F4 the [F3 FCA]] its annual return for that year before the date of the direction, requiring it after its accounts and balance sheet have been audited by a qualified auditor or qualified auditors to send to [F4 the[F3 FCA]] within three months from receipt of the direction a further annual return complying with the requirements of this Act and section 39 of the Act of 1965 (other than that as to time of sending).

(2) For the purposes of this section, a year of account of a society is a relevant year of account if it is one at the end of which there is in force in relation to it a disapplication under section 4A(1) of this Act.

Textual Amendments

F1 S. 9C inserted (1.9.1996) by S.I. 1996/1738, arts. 1, 8(2)

F2 Word in s. 9C heading substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 4 para. 3 (with Sch. 12)

F3 Word in s. 9C substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 4 para. 2(1)(2)(d) (with Sch. 12)

F4 Words in s. 9C(1)(b) substituted (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(1), Sch. 3 Pt. III para. 251(b) (subject to savings and transitional provisions in art. 13(3)); S.I. 2001/3538, art. 2(1)