SCHEDULE 8Amendments of the Building Societies Act 1986
26.
(1)
Section 69158 (disclosure and record of income of related businesses) is amended as follows.
(2)
In subsection (8), for “Authority” substitute “FCA”.
(3)
For subsection (14), substitute—
“(14)
The society must send two copies of the statement required to be made available under subsection (13) to the FCA and, if the society is a PRA-authorised person, one copy to the PRA, on the date on which the statement is required to be first made available to members.
(14A)
The FCA must keep a copy of the statement in the public file of the society.”.