SCHEDULE 9Amendments of the Friendly Societies Act 1992
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1
Section 86223 (transfer of engagements by or to friendly society) is amended as follows.
2
In subsection (2)(e) and (3)(b), for “Authority” substitute “appropriate authority”.
3
After subsection (3), insert—
3A
The PRA must consult the FCA before giving its consent under subsection (3)(b).
4
In subsection (4)—
a
for “Authority” substitute “appropriate authority”; and
b
for “it” substitute “the FCA”.
5
In subsections (6) and (7), for “Authority” substitute “FCA”.
6
In subsection (12), for “Part IV” substitute “Part 4A”.