The Financial Services and Markets Act 2000 (Mutual Societies) Order 2001

127.  In Schedule 14—

(a) in paragraph 3(1) for the word “Commission”, both times it appears, there is substituted “Authority”,

(b) in paragraph 5(3) for the word “Commission” there is substituted “Treasury”,

(c) in paragraph 7—

(i) in sub-paragraph (1) after the words “friendly society” there is inserted “or of a registered branch”,

(ii) sub-paragraph (1)(d), and the word “and” immediately preceding it, are omitted,

(iii) sub-paragraph (2) is omitted,

(iv) in sub-paragraph (4) for the words “Commission, with the consent of the Treasury,” there is substituted “Treasury”, and

(v) in sub-paragraphs (6) and (7) for the word “Commission” there is substituted “Authority”,

(d) in paragraph 9—

(i) for the word “Commission” in the cross-heading and in sub-paragraphs (1) and (6) there is substituted “Authority”, and

(ii) for sub-paragraph (3) there is substituted—

“(3) Where a direction is given to a society or branch under this paragraph the Authority shall place a copy of the direction in the public file of the society.

(3A) Where a society or branch receives a report under sub-paragraph (1)(b) above, it shall within 21 days send a copy of it to the Authority to be placed in the public file.”,

(e) in paragraphs 10(2), 12(4), 14(2) and 14(7) for the words “central office” there is substituted “Authority”,

(f) in paragraph 16(2) for the word “Commission”, both times it appears, there is substituted “Authority”, and

(g) in paragraph 17(1) for the word “Commission” there is substituted “Treasury”.