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The Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc. ) Order 2001
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There are currently no known outstanding effects for the The Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc. ) Order 2001, Section 45.
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Conditions imposed under the Friendly Societies ActU.K.
45.—(1) This article applies where immediately before commencement a friendly society was subject to a condition imposed—
(a)at the society’s request under section 32(4) of the Friendly Societies Act;
(b)under section 34 of the Friendly Societies Act (including any conditions imposed pursuant to section 35 of that Act);
(c)under section 36 of the Friendly Societies Act (including those deemed to be imposed under that section pursuant to a direction given under section 36A of that Act(1);
(2) The condition has effect after commencement as if it were a requirement imposed on the society under section 43.
(3) Where a condition imposed pursuant to a direction given under section 36A of the Friendly Societies Act has effect after commencement under paragraph (2), that requirement is not to be treated as limited in time, notwithstanding section 36A(2) of that Act.
Commencement Information
I1Art. 45 in force at 1.12.2001, see art. 1(2)(b)
(1)
Section 36A was inserted by S.I. 1993/2519, reg. 2(1).
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