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Friendly Societies Act 1992

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Version Superseded: 31/12/2020

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Point in time view as at 01/04/2013.

Changes to legislation:

There are currently no known outstanding effects for the Friendly Societies Act 1992, Cross Heading: . . .. Help about Changes to Legislation

F1. . .U.K.

Textual Amendments

F1Cross-heading repealed (1.12.2001) by S.I. 2001/2617, arts. 2, 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

[F211U.K.The [F3appropriate authority] shall not confirm an amalgamation, transfer of engagements or conversion unless it is satisfied that there is no substantial risk that the successor society, the proposed transferee, or the company into which the society is converted, will not have—

(a)such permission (if any) under [F4Part 4A] of the Financial Services and Markets Act 2000, or

(b)such permission (if any) under paragraph 15 of Schedule 3 to that Act (as a result of qualifying for authorisation under paragraph 12 of that Schedule),

as will enable it to carry on the business which it will have as a result of the amalgamation, transfer or conversion without contravening section 19 of that Act (the general prohibition).]

[F511A.(1)The PRA must consult the FCA before confirming an amalgamation, transfer of engagements or a conversion.U.K.

(2)The PRA must notify the FCA if it makes any such confirmation.]

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