The Financial Services Act 2012 (Mutual Societies) Order 2013

This section has no associated Explanatory Memorandum

53.—(1) Schedule 10(1) (application of companies winding up legislation to incorporated friendly societies) is amended as follows.U.K.

(2) In paragraph 3(1)(c), for “Financial Services Authority” substitute “Financial Conduct Authority”.

(3) In paragraph 4(1), for “Authority”, in each place, substitute “FCA”.

(4) In paragraph 24(3), for “Authority”—

(a)in the first place, substitute “FCA and, if the society is a PRA-authorised person, the PRA”; and

(b)in the second place, substitute “FCA”.

(5) In paragraphs 32, 34(3) and 35, for “Authority”, in each place, substitute “FCA”.

(6) In paragraph 54(3), for “Authority”—

(a)in the first place, substitute “FCA and, if the society is a PRA-authorised person, the PRA”; and

(b)in the second place, substitute “FCA”.

(7) In paragraph 62, for “Authority” substitute “FCA and the PRA”.

(8) In paragraphs 64 and 65, for “Authority”, in each place, substitute “FCA”.

Commencement Information

I1Sch. 9 para. 53 in force at 1.4.2013, see art. 1(1)

(1)

The relevant paragraphs of Schedule 10 were amended by S.I. 2001/2617.