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

SCHEDULE 5 Amendments of the Friendly Societies Act 1974

12.  After section 85(4) (conversion of society into branch) insert—

“(4A) Before making a finding under subsection (4) in relation to a society which is a PRA-authorised person, the FCA must consult the PRA.”.