SCHEDULE 5Amendments of the Friendly Societies Act 1974

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1

Section 94109 (instrument of dissolution) is amended as follows.

2

In subsection (2)(d), for “Authority” substitute “FCA or the PRA”.

3

After subsection (4), insert—

4A

If the society or branch is a PRA-authorised person, a copy of the instrument and declaration sent to the FCA under paragraph (4) shall be sent to the PRA.