The Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc. ) Order 2001 No. 2636

PART III U.K. EFFECT OF RESTRICTIONS AND PROHIBITIONS IMPOSED UNDER OLD LAW

Conditions and directions under the Friendly Societies Act U.K.

Direction under section 53 of the Friendly Societies Act U.K.

49.—(1) This article applies where—

(a) immediately before commencement a friendly society was subject to a direction given under section 53 of the Friendly Societies Act; and

(b) that friendly society has, at commencement, a Part IV permission.

(2) The direction has effect after commencement as if it were a requirement imposed by the Authority under section 43.

Commencement Information

I1 Art. 49 in force at 1.12.2001, see art. 1(2)(b)