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Financial Services Act 1986 (Repealed), Paragraph 33 is up to date with all changes known to be in force on or before 26 January 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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33(1)This paragraph applies where the function of making or revoking a recognition order in respect of a self-regulating organisation for friendly societies is exercisable by a transferee body.
(2)Paragraph 3(2) above shall have effect as if the first reference to the Secretary of State included a reference to [F1the Commission].
(3)The transferee body shall not regard the requirement mentioned in paragraph 4(2) as satisfied unless [F1the Commission] has certified that [F2the Commission] also regards it as satisfied.
(4)A transferee body shall send [F1the Commission] and the Secretary of State a copy of any notice received by it under paragraph 8(6) above.
(5)Where the Secretary of State exercises any of the powers conferred by paragraph 10(2) above in relation to an organisation [F1the Commission] shall direct the transferee body to take the appropriate action in relation to that organisation and such a direction shall, on the application of [F1the Commission], be enforceable by mandamus or, in Scotland, by an order for specific performance under section 91 of the M1Court of Session Act 1868.
Textual Amendments
F1Words in Sch. 11 substituted (1.2.1993 for specified purposes and 1.1.1994 for all remaining purposes) by Friendly Societies Act 1992 (c. 40), s. 98, Sch. 18 Pt. II para. 10(1) (with ss. 7(5), 93(4)); S.I. 1993/16, art. 2, Sch.4; S.I. 1993/2213, art. 2(1), Sch.5.
F2Words in Sch. 11 substituted (1.2.1993 for specified purposes and 1.1.1994 for all remaining purposes) by Friendly Societies Act 1992 (c. 40), s. 98, Sch. 18 Pt. II para. 10(2)(3) (with ss. 7(5), 93(4)); S.I. 1993/16, art. 2, Sch.4; S.I. 1993/2213, art. 2(1), Sch.5.
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