The Financial Services Act 2012 (Mutual Societies) Order 2013

Article 2(b)

SCHEDULE 3U.K.Amendments of the Industrial and Provident Societies Act 1967

This schedule has no associated Explanatory Memorandum

1.  The Industrial and Provident Societies Act 1967(1) is amended as follows.U.K.

Commencement Information

I1Sch. 3 para. 1 in force at 1.4.2013, see art. 1(1)

2.—(1) In the provisions listed in paragraph (2)—U.K.

(a)for “Authority” substitute “FCA”; and

(b)for “Authority’s” substitute “FCA’s”.

(2) The provisions are—

(a)section 1(2) (charges on assets of English and Welsh societies);

(b)section 3(3) (application to registered societies in Scotland of provisions relating to floating charges);

(c)section 4(4) (filing of information relating to charges); and

(d)section 5(5) (supplemental provisions).

Commencement Information

I2Sch. 3 para. 2 in force at 1.4.2013, see art. 1(1)

3.  In section 1(2)(b), for “paragraph 17 of Schedule 1” substitute “paragraph 20 of Schedule 1ZA”.U.K.

Commencement Information

I3Sch. 3 para. 3 in force at 1.4.2013, see art. 1(1)

4.  In section 4, for “paragraph 17 of Schedule 1”, in each place, substitute “paragraph 20 of Schedule 1ZA”.U.K.

Commencement Information

I4Sch. 3 para. 4 in force at 1.4.2013, see art. 1(1)

5.  In section 7(6) (interpretation, etc general), for ““the Authority”” substitute ““the FCA””.U.K.

Commencement Information

I5Sch. 3 para. 5 in force at 1.4.2013, see art. 1(1)

(1)

1967 c.48. Section 2 of the Co-operative and Community Benefit Societies and Credit Unions Act 2010 renames the Industrial and Provident Societies Act 1967 as the Co-operative and Community Benefit Societies and Credit Unions Act 1967, but this section has not yet been brought into force.

(2)

Section 1 was amended by S.I. 1996/1738, S.I. 2001/2617 and S.I. 2001/3649.

(3)

Section 3 was amended by S.I. 2001/2617 and S.I. 2009/1941.

(4)

Section 4 was amended by the Companies Consolidation (Consequential Provisions) Act 1985, S.I. 1996/1738, S.I. 2001/2617 and S.I. 2001/3649. There are other amending instruments, but none is relevant.

(5)

Section 5 was amended by the Companies Consolidation (Consequential Provisions) Act 1985, S.I. 2001/2617 and S.I. 2001/3649.

(6)

Section 7 was amended by S.I. 2001/2617. There are other amending instruments, but none is relevant.