F1Part I FUNCTIONS OF THE AUTHORITY
Annotations:
Amendments (Textual)
F11 Functions of the Financial Services Authority in relation to friendly societies.
1
The Financial Services Authority (“the Authority") has the following functions under this Act and the 1974 Act in relation to friendly societies—
a
to secure that the purposes of each friendly society are inconformity with this Act and any other enactment regulating the purposes of friendly societies;
b
to administer the system of regulation of the activities of friendly societies provided for by or under this Act and the 1974 Act; and
c
to advise and make recommendations to the Treasury and other government departments on any matter relating to friendly societies.
2
The Authority also has, in relation to such societies, the other functions conferred on it by or under this Act or any other enactment.
Pt. 1 (s. 1) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) for Pt. 1 (ss. 1-4) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 Pt. 1 para. 54 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)