SCHEDULE 8Amendments of the Building Societies Act 1986

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1

Section 52149 (powers to obtain information and documents etc.) is amended as follows.

2

In subsection (1), for “Authority of any of its functions” substitute “FCA or the PRA of any of their respective functions”.

3

In subsection (5), for “Authority”—

a

in the opening words of that subsection, substitute “FCA and the PRA”; and

b

in paragraphs (a) to (d) of that subsection, in each place, substitute “it”.

4

In subsection (5A), for “Authority”—

a

in the opening words of that subsection, substitute “FCA or the PRA”; and

b

in paragraphs (a) to (c) of that subsection, in each place, substitute “body which authorised the person”.

5

In subsection (6)—

a

for “Authority has power”, substitute “FCA or the PRA has power”; and

b

for “Authority or authorised officer” in each place, substitute “FCA, the PRA or the authorised officer (as the case may be)”.

6

In subsection (9)—

a

for “Authority or an authorised officer” substitute “FCA, the PRA or an authorised officer”; and

b

for “Authority or authorised officer” substitute “FCA, the PRA or the authorised officer (as the case may be)”.

7

In subsection (13), for “Authority” substitute “FCA or the PRA”.