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SCHEDULE 1Application of the Financial Services and Markets Act 2000 to transferred functions

General

5.—(1) The FCA must maintain arrangements designed to enable it to determine whether persons are complying with requirements imposed on them by or under—

(a)the legislation relating to mutual societies;

(b)the Industrial and Provident Societies Act 1975(1);

(c)the Industrial and Provident Societies Act 1978(2).