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Financial Services Act 1986 (Repealed)
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Changes over time for: Paragraph 8
Version Superseded: 01/12/2001
Alternative versions:
- 01/02/1991- Amendment
- 01/02/1993- Amendment
- 07/07/1997
Point in time - Stop date 01/12/2001- Amendment
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Point in time view as at 07/07/1997. This version of this provision has been superseded.
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Financial Services Act 1986 (Repealed), Paragraph 8 is up to date with all changes known to be in force on or before 03 December 2024. 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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8(1)[F1The Commission] or the Secretary of State may make regulations requiring a recognised self-regulating organisation for friendly societies to give [F1the Commission] or, as the case may be, the Secretary of State forthwith notice of the occurrence of such events relating to the organisation or its members as are specified in the regulations and such information in respect of those events as is so specified.
(2)[F1The Commission] or the Secretary of State may make regulations requiring a recognised self-regulating organisation for friendly societies to furnish [F1the Commission] or, as the case may be, the Secretary of State at such times or in respect of such periods as are specified in the regulations with such information relating to the organisation or its members as is so specified.
(3)The notices and information required to be given or furnished under the foregoing provisions of this paragraph shall be such as [F1the Commission] or, as the case may be, the Secretary of State may reasonably require for the exercise of his functions under this Act.
(4)Regulations under the foregoing provisions of this paragraph may require information to be given in a specified form and to be verified in a specified manner.
(5)A notice or information required to be given or furnished under the foregoing provisions of this paragraph shall be given in writing or such other manner as [F1the Commission] or, as the case may be, the Secretary of State may approve.
(6)Where a recognised self-regulating organisation for friendly societies amends, revokes or adds to its rules or guidance it shall within seven days give [F1the Commission] written notice of the amendment, revocation or addition; but notice need not be given of the revocation of guidance other than such as is mentioned in paragraph 2(6) above or of any amendment of or addition to guidance which does not result in or consist of such guidance as is there mentioned.
(7)[F1The Commission] shall send the Secretary of State a copy of any notice given to [F2the Commission] under sub-paragraph (6) above.
(8)Contravention of or of regulations under this paragraph shall not be an offence.
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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