The Financial Services Act 2012 (Mutual Societies) Order 2013 No. 496

SCHEDULE 9 U.K. Amendments of the Friendly Societies Act 1992

49.—(1) Section 119(1) (general interpretation) is amended as follows. U.K.

(2) In subsection (1)—

(a) omit the definition of “the Authority”;

(b) in the definition of “the public file”, for “Authority” substitute “FCA”; and

(c) at the appropriate places, insert—

““the appropriate authority” means—

(a)

in relation to a society which is a PRA-authorised person, the PRA; and

(b)

in relation to a society which is not a PRA-authorised person, the FCA;”;

““the FCA” means the Financial Conduct Authority;”;

““the PRA” means the Prudential Regulation Authority;”;

““PRA-authorised person” has the meaning in section 2B of the Financial Services and Markets Act 2000;”.

(3) In subsection (1AA)—

(a) for “Authority” substitute “FCA”; and

(b) for “Authority’s” substitute “FCA’s”.

Commencement Information

I1 Sch. 9 para. 49 in force at 1.4.2013, see art. 1(1)

(1)

Section 119 was amended by S.I. 2001/2617 and S.I. 2001/3649. There are other amending instruments, but none is relevant.