The Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001

Modifications to Friendly Societies Appeal Tribunal Regulations 1993 U.K.

124.  The Friendly Societies Appeal Tribunal Regulations 1993(1) apply to transitional friendly society appeals after commencement (notwithstanding their revocation and the repeal of section 60 of the original Friendly Societies Act) with the following modifications—

(a) the existing text of regulation 2 is numbered as paragraph (1) and after the definition of “the secretary” is inserted—

• ““transitional friendly society appeal” has the meaning given in article 120 of Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001;”;

(b) after regulation 2(1) the following paragraph is inserted—

“(2) In these Regulations references to an appeal under section 58(2) of the Act shall be construed as references to a transitional friendly society appeal brought by a person under section 58(2).”

(c) in regulation 3 for the words “appeals under section 58 of the Act against decisions of the Commission” are substituted “transitional friendly society appeals”;

(d) in regulation 5(2) for the words “the Commission” the first time they occur are substituted “the Authority”;

(e) in regulation 7 for the words “the Commission” are substituted “the Authority”;

(f) in regulation 9 for the words “the Commission” are substituted the first time they occur the words “the Authority” and the words “or the Authority” are inserted after the words “the Commission” the second time they occur;

(g) in regulations 10, 11, 12 and 13, for the words “the Commission” wherever they appear are substituted the words “the Authority”;

(h) after regulation 13 is inserted the following regulation—

“Hearing as to appropriate action

13A   The Tribunal shall inform the parties of the directions (if any) it is minded to give to the Authority and shall afford the parties fourteen days in which to make written representations to it before making its determination.”;

(i) in regulation 14(1), for the words “the Commission” are substituted “the Authority”;

(j) in regulation 15 for the words “the Commission” wherever they occur are substituted “the Authority”;

(k) in regulation 19 for the words “the Commission” both times they appear are substituted the words “the Authority”.

Commencement Information

I1 Art. 124 in force at 1.12.2001, see art. 1(2)

(1)

S.I. 1993/2002.