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The Financial Services Act 2012 (Mutual Societies) Order 2013
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Rhagor o Adnoddau
Changes to legislation:
There are currently no known outstanding effects for the The Financial Services Act 2012 (Mutual Societies) Order 2013, Paragraph 10.
Changes to Legislation
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Memorandwm Esboniadol
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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