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The Financial Services Act 2012 (Mutual Societies) Order 2013

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2.—(1) For the purposes of the provisions specified in sub-paragraph (2), functions transferred by this Order are to be treated as functions conferred on the FCA under a provision of FSMA 2000.

(2) The provisions are—

(a)section 1A(3) and Schedule 1ZA (which make general provision in relation to the FCA and its functions);

(b)section 1S (reviews);

(c)section 3D (duty of FCA and PRA to ensure co-ordinated exercise of functions);

(d)section 3E (memorandum of understanding);

(e)sections 3I to 3K(1) (power of PRA to restrain proposed action by FCA);

(f)section 139A(2) (power of the FCA to give guidance); and

(g)section 415(3) (jurisdiction in civil proceedings).

(1)

Sections 1A, 1S, 3D, 3E, and 3I to 3K of, and Schedule 1ZA to, FSMA 2000 are inserted by section 6 of and Schedule 3 to the 2012 Act.

(2)

Section 139A of FSMA 2000 is inserted by section 24 of the 2012 Act.

(3)

Section 415 of FSMA 2000 is amended by section 16(14)(j) of, and paragraph 24 of Schedule 18 to, the 2012 Act.

Yn ôl i’r brig

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