SCHEDULE 9Amendments of the Friendly Societies Act 1992

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1

Section 103230 (power to modify Part 6 in relation to particular friendly societies) is amended as follows.

2

In subsections (1) and (3), for “Authority”, in each place, substitute “appropriate authority”.

3

After subsection (3), insert—

3A

The PRA must consult the FCA before making, varying or revoking a direction under this section.

3B

The PRA must send the FCA a copy of any direction, variation or revocation under this section.

4

For subsection (7), substitute—

7

The FCA must keep in a register kept by it for the purposes of this subsection a copy of any direction, variation or revocation under this section.

5

In subsection (9)—

a

for “Authority” substitute “FCA”; and

b

in paragraph (a), omit “made by it”.