SCHEDULES
C1SCHEDULE 15 Amalgamations, Transfers of Engagements and Conversion: Supplementary
Part II Confirmation by F5appropriate authority
Words in Sch. 15 Pt. 2 heading substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 56(5) (with Sch. 12)
Applications for confirmation
5
1
An application by a friendly society for confirmation by the F7appropriate authority—
a
of an amalgamation under section 85 above,
b
of a transfer of engagements of a friendly society under section 86 above, or
c
of the conversion of a friendly society into a company under section 91 above,
2
An application for confirmation of an amalgamation shall be made jointly by the friendly societies concerned.
F23
The F8appropriate authority may, on the application or with the consent of a friendly society, direct in relation to any provision of regulations made for the purposes of sub-paragraph (1) above that the provisions shall not apply to the society, or shall apply to it with such modifications as may be specified in the direction.
F24
A direction under sub-paragraph (3) above may be subject to conditions.
F25
F65A
The PRA must send the FCA a copy of any direction, variation or revocation it makes under this paragraph.
F26
Where the F10appropriate authority—
a
makes a direction under subsection (3) above, or
b
revokes or varies such a direction,
F11the FCA must cause the direction, variation or revocation to be entered on a register kept by it for the purposes of this subsection.
F27
The register kept for the purposes of subsection (6) above shall be available for inspection on reasonable notice by members of the public.
F28
a
any direction made F13... under subsection (3) above, and
b
any revocation or variation of any such direction,
F4. . . in the public file of the society to which it relates.
Sch. 15: power to modify conferred (16.1.2009) by Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 (c. 26), ss. 3, 6(2); S.I. 2009/36, art. 2