xmlns:atom="http://www.w3.org/2005/Atom"
25. In section 111(1)(1) (interpretation)—
(a)omit the definition of “the Authority”; and
(b)at the appropriate places, insert—
““the appropriate authority” means—
in relation to a society which is a PRA-authorised person, the PRA; and
in relation to a society which is not a PRA-authorised person, the FCA;”;
““the FCA” means the Financial Conduct Authority;”;
““the PRA” means the Prudential Regulation Authority;”; and
““PRA-authorised person” has the meaning in section 2B of the Financial Services and Markets Act 2000;”.
Section 111 was amended by Schedule 16 to the Friendly Societies Act 1992 and S.I. 2001/2617.