SCHEDULE 4Amendments of the Friendly and Industrial and Provident Societies Act 1968
I11
The Friendly and Industrial and Provident Societies Act 196859 is amended as follows.
I22
1
In the provisions listed in paragraph (2), for “Authority” substitute “FCA”.
2
The provisions are—
a
section 3A(11)60 (publication of accounts and balance sheets of societies);
b
section 461 (obligation to appoint auditors);
c
section 4A62 (power of societies to disapply section 4);
d
section 9C63 (power to require accounts for past years to be audited);
e
section 11(3)64 (amendments relating to annual returns of societies);
f
section 12(3)65 (consequential amendment of rules by societies);
g
section 13(4), (6) and (7)66 (group accounts of industrial and provident societies); and
h
section 1467 (exemption from requirements in respect of group accounts).
I33
In the heading of section 9C, for “Registrar’s power” substitute “Power”.
I44
In section 11(1), omit “to the Authority”.
I55
After section 14(4), insert—
5
If the society is a PRA-authorised person (within the meaning of section 2B of the Financial Services and Markets Act 2000), the FCA must not give an approval under this section unless it has consulted the Prudential Regulation Authority.
I66
In the heading of section 14A68 (form etc.of electronic documents), omit “sent to the Authority”.
I77
In section 1869 (offences), for “Authority” substitute “FCA”.
I88
In section 21(1)70 (interpretation)—
a
in the definition of “annual return”, omit “to the Authority”; and
b
at the appropriate place, insert—
“the FCA” means the Financial Conduct Authority;