The Financial Services Act 2012 (Mutual Societies) Order 2013

Article 2(b)

SCHEDULE 10 Amendments of secondary legislation

Amendments of legislation made under the Building Societies Act 1986

1.  In the Schedule to the Building Societies (Deferred Shares) Order 1991(1), for “Authority” substitute “appropriate authority”.

2.  In paragraph 13 of Schedule 4 to the Building Societies (Accounts and Related Provisions) Regulations 1998(2), for “Authority” substitute “appropriate authority”.

3.—(1) Regulation 3 of the Building Societies (Business Names) Regulations 1998(3) is amended as follows.

(2) For “Authority” substitute “FCA”.

(3) In the heading to that regulation, for “Authority’s” substitute “FCA’s”.

4.—(1) The Building Societies (Transfer of Business) Regulations 1998(4) are amended as follows.

(2) In regulation 2—

(a) in the definition of “date of the transfer notification statement”, for “Authority” substitute “appropriate authority”; and

(b) in the definition of “date of the transfer statement”, for “Authority” substitute “appropriate authority”.

(3) In paragraph 28 of Part 1 of Schedule 1, for “Authority”, in each place, substitute “appropriate authority”.

(4) In paragraph 10(2) of Part 2 of Schedule 1—

(a) for “Part 4” substitute “Part 4A”; and

(b) for “the Authority” substitute “a regulator (within the meaning of section 417 of that Act)”.

(5) In paragraphs 1 and 2 of Schedule 3, for “Authority” substitute “appropriate authority”.

5.—(1) The Building Societies (Merger Notification Statement) Regulations 1999(5) are amended as follows.

(2) In the following provisions, for “Authority” substitute “appropriate authority”—

(a) regulation 2, in the definition of “date of the merger notification statement”;

(b) paragraphs 1 and 2 of the Schedule.

Amendments of legislation made under the Friendly Societies Act 1992

6.  In paragraph 12 of Schedule 3 to the Friendly Societies (Accounts and Related Provisions) Regulations 1994(6), for “Authority” substitute “appropriate authority”.

Amendments of legislation made under the Building Societies (Funding) and Mutual Societies (Transfers) Act 2007

7.—(1) The Mutual Societies (Transfers) Order 2009(7) is amended as follows.

(2) In article 7(5), for “Financial Services Authority in accordance with section 81(2) of the 1986 Act (laying and furnishing accounts, etc., to members and the Authority)” substitute “FCA, and, if the society is a PRA-authorised person, to the PRA in accordance with section 81(2) of the 1986 Act (laying and furnishing accounts, etc., to members and the FCA and the PRA).”

(3) In article 18, for “Financial Services Authority” substitute “appropriate authority”.

(1)

S.I. 1991/701, as amended by S.I. 2001/3649.

(2)

S.I. 1998/504, as amended by S.I. 2001/3649.

(3)

S.I. 1998/3186, as amended by S.I. 2001/3649.

(4)

S.I. 1998/212, as amended by S.I. 2001/3649.

(5)

S.I. 1999/1215, as amended by S.I. 2001/3649.

(6)

S.I. 1994/1983, as amended by S.I. 2001/3649.

(7)

S.I. 2009/509.