F1[F11 Functions of the Financial Services Authority in relation to friendly societies.U.K.
(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.]
Textual Amendments
F1Pt. 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)