38.—(1) Section 89(1) (power to alter requirements for transfer by friendly society) is amended as follows.U.K.
(2) Except as provided in sub-paragraph (5), for “Authority”, in each place, substitute “appropriate authority”.
(3) After subsection (1), insert—
“(1A) The PRA must consult the FCA before giving a direction under this section.”.
(4) After subsection (6), insert—
“(6A) The PRA must send to the FCA a copy of any direction it issues under this section.”.
(5) In subsection (7), for “Authority” substitute “FCA”.
(6) In the heading, for “Authority” substitute “appropriate authority”.
Commencement Information
I1Sch. 9 para. 38 in force at 1.4.2013, see art. 1(1)
Section 89 was amended by S.I. 2001/2617.