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Financial Services and Markets Act 2000

Status:

This is the original version (as it was originally enacted).

334The Friendly Societies Commission

(1)The Treasury may by order provide—

(a)for any functions of the Friendly Societies Commission to be transferred to the Authority;

(b)for any functions of the Friendly Societies Commission which have not been, or are not being, transferred to the Authority to be transferred to the Treasury.

(2)If the Treasury consider it appropriate to do so, they may by order provide for the Friendly Societies Commission to cease to exist on a day specified in or determined in accordance with the order.

(3)The enactments relating to friendly societies which are mentioned in Part I of Schedule 18 are amended as set out in that Part.

(4)Part II of Schedule 18—

(a)removes certain restrictions on the ability of incorporated friendly societies to form subsidiaries and control corporate bodies; and

(b)makes connected amendments.

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