There are currently no known outstanding effects for the The Financial Services Act 2012 (Mutual Societies) Order 2013, Paragraph 38.
38.—(1) Section 89(1) (power to alter requirements for transfer by friendly society) is amended as follows.U.K.
(2) Except as provided in sub-paragraph (5), for “Authority”, in each place, substitute “appropriate authority”.
(3) After subsection (1), insert—
“(1A) The PRA must consult the FCA before giving a direction under this section.”.
(4) After subsection (6), insert—
“(6A) The PRA must send to the FCA a copy of any direction it issues under this section.”.
(5) In subsection (7), for “Authority” substitute “FCA”.
(6) In the heading, for “Authority” substitute “appropriate authority”.
Commencement Information
I1Sch. 9 para. 38 in force at 1.4.2013, see art. 1(1)
Section 89 was amended by S.I. 2001/2617.
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