F1Part I Functions of the F4Financial Conduct Authority and the Prudential Regulation Authority
Words in Pt. 1 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. 2 (with Sch. 12)
F11F7Functions of the Financial Conduct Authority and the Prudential Regulation Authority in relation to friendly societies
1
The F3Financial Conduct Authority (“the FCA”) 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.
F61A
The function in subsection (1)(c) is also a function of the Prudential Regulation Authority (“the PRA”).
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)