- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Financial Services Act 2012 (Mutual Societies) Order 2013 No. 496
10.—(1) The Housing (Scotland) Act 2010(1) is amended as follows.
(2) In section 18(2) (co-operation with other regulators) for paragraph (f) substitute—
“(f)the Financial Conduct Authority,
(fa)the Prudential Regulation Authority,”.
(3) In the provisions in sub-paragraph (4), for “Financial Services Authority”, in each place, substitute “Financial Conduct Authority”.
(4) The provisions are—
(a)section 30 (communication with other regulators);
(b)section 80(2)(d) (proposals: formulation);
(c)section 82(3)(d) (proposals: agreement);
(d)section 87(5) (manager of registered society: extra powers);
(e)section 94(2) (registered society’s rules: supplementary);
(f)section 96(1)(b) (restructuring, winding up and dissolution of registered societies);
(g)section 97(1) (restructuring of society);
(h)section 98 (voluntary winding up of society); and
(i)section 99 (dissolution of society).
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