The Financial Services and Markets Act 2000 (Mutual Societies) Order 2001

150.  In section 52(1)—

(a) in subsection (1) for the words from “Commission” to the end, there is substituted “Authority of any of its functions under Part I, sections 36, 36A, 37, 42B, 42C and 46A, Part X and section 107.”,

(b) in subsection (5) for the word “Commission”, wherever it appears, there is substituted “Authority”,

(c) in subsection (5A)—

(i) for the words from “the Commission”, the first time they appear, to “authority, to” there is substituted “any person authorised for the purpose by the Authority (“an authorised officer”) may, on producing evidence of his authority,”, and

(ii) in paragraphs (a), (b) and (c), for the word “Commission” there is substituted “Authority”,

(d) in subsection (6)—

(i) for the word “Commission”, the first time it appears, there is substituted “Authority”,

(ii) for the word “person”, the first time it appears, there is substituted “officer”, and

(iii) for the words “Commission or authorised person”, both times they appear, there is substituted “Authority or authorised officer”,

(e) in subsection (9)—

(i) for the words “Commission or an authorised person” there is substituted “Authority or an authorised officer”, and

(ii) for the words “Commission or authorised person” there is substituted “Authority or authorised officer”, and

(f) in subsection (13) for the word “Commission” there is substituted “Authority”.

(1)

Section 52 was amended by the Building Societies Act 1997, Schedule 7 paragraph 17 and Schedule 9, and by S.I. 1992/3218.