- 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
13.—(1) The Industrial Assurance (Life Assurance Premium Relief) (Change of Rate) Regulations 1980(1) are amended as follows.
(2) In regulation 2, at the appropriate place, insert—
““relevant authority” means—
if the industrial assurance company or collecting society is a PRA-authorised person within the meaning of section 2B of the Financial Services and Markets Act 2000, the Prudential Regulation Authority, and
in any other case, the Financial Conduct Authority;”.
(3) In regulations 3(3), 5 and 8, for “Friendly Societies Commission” substitute “relevant authority”.
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