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Financial Services Act 1986 (Repealed)
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Changes over time for: Paragraph 27
Version Superseded: 28/04/1993
Alternative versions:
- 01/02/1991- Amendment
- 01/02/1993
Point in time - 28/04/1993- Amendment
- Stop date 01/12/2001- Amendment
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Financial Services Act 1986 (Repealed), Paragraph 27 is up to date with all changes known to be in force on or before 25 May 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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27(1)If it appears to the Registrar of Friendly Societies for Northern Ireland that a regulated friendly society which is an authorised person by virtue of section 23(2) of this Act—
(a)has contravened any provision of—
(i)this Act or any rules or regulations made under it;
(ii)any requirement imposed under paragraph 24 above;
(iii)the rules of a recognised self-regulating organisation for friendly societies in relation to which it is a member society; or
(b)in purported compliance with any such provision has furnished false, inaccurate or misleading information,
he may exercise any of the powers mentioned in sub-paragraph (2) below in relation to that society.
(2)The powers mentioned in sub-paragraph (1) above are those under subsection (1) of section 77 (inspection and winding up of registered friendly societies), subsection (1) of section 78 (suspension of business of registered friendly societies), subsections (1) and (2) of section 79 (production of documents) and subsections (1) and (2) of section 80 (cancellation and suspension of registration) of the M1Friendly Societies Act (Northern Ireland) 1970; and subject to sub-paragraph (3) below the remaining provisions of those sections shall apply in relation to the exercise of those powers by virtue of this paragraph as they do in relation to their exercise in the circumstances mentioned in those sections.
(3)In its application by virtue of this paragraph section 78 of the said Act of 1970 shall have effect with the omission in subsection (2) of the words from “and such notice" onwards and of subsection (4).
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