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Friendly Societies Act 1992

Changes over time for: Section 103

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103 Power to modify [F1Part] VI in relation to particular friendly societies.U.K.

(1)The [F2appropriate authority] may, on the application or with the consent of a friendly society, F3. . . direct that all or any of the provisions of Part F4. . . VI of this Act [F5, or any provision of regulations made for the purposes of that Part,] shall not apply to the society or shall apply to it with such modifications as may be specified in the [F6direction].

(2)[F7A direction] under this section may be subject to conditions.

(3)[F8A direction] under this section may be revoked by the [F2appropriate authority] at any time; and the [F2appropriate authority], may at any time vary any such [F9direction] on the application or with the consent of the society to which it applies.

[F10(3A)The PRA must consult the FCA before making, varying or revoking a direction under this section.

(3B)The PRA must send the FCA a copy of any direction, variation or revocation under this section.]

F11(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F11(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F11(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F12(7)The FCA must keep in a register kept by it for the purposes of this subsection a copy of any direction, variation or revocation under this section.]

F13(8)The register kept for the purposes of subsection (7) above shall be available for inspection on reasonable notice by members of the public.

F13(9)The [F14[F15FCA] shall keep] a copy of—

(a)any direction F16... under [F17this section], and

(b)any revocation or variation of any such direction,

[F18and the central office shall keep the copy] in the public file of the society to which it relates.

Textual Amendments

F1Word in the sidenote to s. 103 substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F5Words in s. 103(1) inserted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(b)(iv) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F6Word in s. 103(1) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(b)(v) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F7Words in s. 103(2) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(c) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F8Words in s. 103(3) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(d)(i) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F9Word in s. 103(3) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(d)(iii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F13S. 103(4)-(9) inserted (1.8.1996) by S.I. 1996/1188 art. 6

F14Words in s. 103(9) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(g)(i) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F17Words in s. 103(9)(a) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(g)(ii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F18Words in s. 103(9) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(g)(iii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

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