8.—(1) Section 42(1) (regulations and directions relating to valuations) is amended as follows.U.K.
(2) In subsection (2), for “the Authority”, in each place, substitute “the FCA and, if the registered society or branch is a PRA-authorised person, the PRA”.
(3) In subsection (4)—
(a)in the opening words of that subsection, for “Authority”, in each place, substitute “appropriate authority”; and
(b)in paragraph (b), for “Authority”, in each place, substitute “FCA and, if the registered society or branch is a PRA-authorised person, the PRA”.
(4) In subsection (5), for “Authority” substitute “appropriate authority”.
Commencement Information
I1Sch. 5 para. 8 in force at 1.4.2013, see art. 1(1)
Section 42 was amended by paragraph 12 of Schedule 16 to the Friendly Societies Act 1992 and S.I. 2001/2617.