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

SCHEDULE 5 Amendments of the Friendly Societies Act 1974

6.—(1) Section 39C(1) (power to require accounts of past years to be audited) is amended as follows.

(2) In subsection (1), for “Authority”—

(a) in the opening words of that subsection, substitute “appropriate authority”; and

(b) in paragraph (b), in each place, substitute “FCA and, if the registered society or branch is a PRA-authorised person, the PRA”.

(3) In subsection (2), for “Authority” substitute “appropriate authority”.

(4) In the heading, for “Authority’s power” substitute “Power of appropriate authority”.

(1)

Section 39C was inserted by S.I. 1996/1738 and amended by S.I. 2001/2617.