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The Financial Services Act 2012 (Mutual Societies) Order 2013

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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)

(1)

Section 89 was amended by S.I. 2001/2617.

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