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

91.  In section 78—

(a) for subsections (1) and (2) there is substituted—

“(1) The committee of management of a friendly society shall in each year—

(a) lay before the society, at the annual general meeting, copies of the annual accounts for the last financial year, the report of the committee of management for that year and the auditors' report on those accounts; and

(b) send to the Authority, not later than 30th June or 14 days before the annual general meeting, whichever is earlier, two copies of those accounts and reports.

(2) The committee of management of a registered branch shall in each year—

(a) lay before the branch, at the annual general meeting, copies of the annual accounts for the last financial year and the auditors' report on those accounts; and

(b) send to the Authority, not later than 30th June or 14 days before the annual general meeting, whichever is earlier, two copies of those accounts and that report.”,

(b) in subsections (3) and (4) for the word “Commission” there is substituted “Authority”, and

(c) in subsection (8) for the words “central office shall keep” there is substituted “Authority shall keep one of”.