The Financial Services Act 2012 (Mutual Societies) Order 2013

35.—(1) Section 86(1) (transfer of engagements by or to friendly society) is amended as follows. U.K.

(2) In subsection (2)(e) and (3)(b), for “Authority” substitute “appropriate authority”.

(3) After subsection (3), insert—

“(3A) The PRA must consult the FCA before giving its consent under subsection (3)(b).”.

(4) In subsection (4)—

(a) for “Authority” substitute “appropriate authority”; and

(b) for “it” substitute “the FCA”.

(5) In subsections (6) and (7), for “Authority” substitute “FCA”.

(6) In subsection (12), for “Part IV” substitute “Part 4A”.

Commencement Information

I1 Sch. 9 para. 35 in force at 1.4.2013, see art. 1(1)

(1)

Section 86 was amended by S.I. 2001/2617, S.I. 2001/3649, S.I. 2009/1941 and S.I. 2010/22.