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The Financial Services and Markets Act 2000 (Mutual Societies) Order 2001

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97.  In section 87(1)—

(a)in subsection (2)(b) for the words from “under” to “above” there is substituted “required by rules made by the Authority under section 138 of the Financial Services and Markets Act 2000 to maintain the margin of solvency required by such rules”, and

(b)in subsections (2) and (3) for the word “Commission”, wherever it appears, there is substituted “Authority”.

(1)

Section 87(2) was amended by S.I. 1994/1984 and 1997/2849.

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