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The Financial Services Act 2012 (Mutual Societies) Order 2013

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10.—(1) Section 22(1) (winding up by court: grounds and petitioners) is amended as follows.U.K.

(2) In subsection (2), for “(3) below” insert “(2A), (2B) or (3)”.

(3) In paragraph (a) of subsection (2), for “Authority” substitute “FCA”.

(4) After paragraph (a) of subsection (2), insert—

(aa)the PRA;.

(5) After subsection (2), insert—

(2A) The FCA may only present a petition under subsection (2) in respect of a society which is a PRA-authorised person after consulting the PRA.

(2B) The PRA may only present a petition under subsection (2)—

(a)in respect of a society which is a PRA-authorised person; and

(b)after consulting the FCA..

Commencement Information

I1Sch. 9 para. 10 in force at 1.4.2013, see art. 1(1)

(1)

Section 22 was amended by S.I. 2001/2617.

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