The Financial Services Act 2012 (Mutual Societies) Order 2013 No. 496

SCHEDULE 4 Amendments of the Friendly and Industrial and Provident Societies Act 1968

5.  After section 14(4), insert—

“(5) If the society is a PRA-authorised person (within the meaning of section 2B of the Financial Services and Markets Act 2000), the FCA must not give an approval under this section unless it has consulted the Prudential Regulation Authority.”.