- 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
58.—(1) Schedule 15A(1) (application of other companies insolvency legislation to building societies) is amended as follows.
(2) In paragraph 2(1)(b), for “Financial Services Authority” substitute “Financial Conduct Authority”.
(3) In paragraph 3(1), for “Authority”, in each place, substitute “FCA”.
(4) In paragraph 9A, for “Authority”, in each place, substitute “FCA”.
(5) In paragraphs 10, 11 and 15, for “Authority” substitute “FCA or the PRA”.
(6) In paragraph 23(1)(a), for “Authority” substitute “FCA, to the PRA”.
(7) In paragraph 21(1)(a), for “Authority” substitute “Financial Conduct Authority”.
(8) In paragraph 24, for “Authority”, in each place, substitute “FCA, the PRA”.
(9) In paragraph 31A—
(a)in sub-paragraph (a), for “the Financial Services Authority” substitute “each of the Financial Conduct Authority and the Prudential Regulation Authority”; and
(b)in sub-paragraphs (c) and (d), for “Financial Services Authority” substitute “Financial Conduct Authority or the Prudential Regulation Authority”.
(10) In paragraph 32(1)(a), for “Authority” substitute “FCA or the PRA”.
(11) In paragraph 33—
(a)in sub-paragraph (1)(a), for “Authority” substitute “FCA, by the PRA”; and
(b)in sub-paragraph (2), for “Authority” substitute “FCA or, as the case may be, the PRA”.
(12) In paragraph 37, for “the Authority” substitute “the FCA and the PRA”.
(13) In paragraph 43, for “Authority” substitute “Financial Conduct Authority”.
(14) In paragraph 45(1)(a), for “Authority” substitute “FCA, to the PRA”.
(15) In paragraph 46, for “Authority”, in each place, substitute “FCA, the PRA”.
Schedule 15A was inserted by the Building Societies Act 1997, Schedule 6 and amended by S.I. 2001/2617. Paragraph 9A was inserted by the Insolvency Act 2000 (c.39), Schedule 2, paragraph 14. Paragraph 31A was inserted by S.I. 2002/3152. There are other amending instruments, but none is relevant.
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