The Financial Services Act 2012 (Mutual Societies) Order 2013

53.—(1) Schedule 2(1) (establishment, incorporation and constitution of building societies) is amended as follows. U.K.

(2) In paragraph 1, for “Authority”, in each place, substitute “FCA”.

(3) In paragraph 4(2), (4) and (7), for “Authority”, in each place, substitute “FCA”.

(4) In paragraph 9, for “Authority”, in each place, substitute “FCA”.

(5) In paragraph 10(5), for “Authority” substitute “FCA”.

(6) In paragraph 10A(2), (3) and (4), for “Authority” substitute “FCA”.

(7) In paragraph 11, for “Authority”, in each place, substitute “FCA”.

(8) In paragraph 15—

(a) for “Authority”, in each place, substitute “FCA”;

(b) in sub-paragraph (1), for “Part IV” substitute “Part 4A”; and

(c) after sub-paragraph (3), insert—

“(3A) The FCA must consult the PRA before giving a direction under sub-paragraph (2).”.

(9) In paragraph 20, for “Authority”, in each place, substitute “FCA”.

(10) In paragraph 20A(12), for “Authority” substitute “appropriate authority”.

(11) In paragraph 30(4), for “Authority” substitute “appropriate authority”.

(12) After paragraph 30(4), insert—

“(4A) If the appropriate authority is the PRA, it must consult the FCA before giving a direction under sub-paragraph (5).”.

(13) In paragraph 31(7), for “Authority” substitute “PRA”.

Commencement Information

I1 Sch. 8 para. 53 in force at 1.4.2013, see art. 1(1)

(1)

Schedule 2 was amended by S.I. 2001/2617 and S.I. 2003/404. There are other amending instruments, but none is relevant.