This
adran has no associated
Memorandwm Esboniadol
25. In section 111(1)(1) (interpretation)—U.K.
(a)omit the definition of “the Authority”; and
(b)at the appropriate places, insert—
““the appropriate authority” means—
(a)
in relation to a society which is a PRA-authorised person, the PRA; and
(b)
in relation to a society which is not a PRA-authorised person, the FCA;”;
““the FCA” means the Financial Conduct Authority;”;
““the PRA” means the Prudential Regulation Authority;”; and
““PRA-authorised person” has the meaning in section 2B of the Financial Services and Markets Act 2000;”.
Commencement Information
I1Sch. 5 para. 25 in force at 1.4.2013, see art. 1(1)
(1)
Section 111 was amended by Schedule 16 to the Friendly Societies Act 1992 and S.I. 2001/2617.