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

SCHEDULE 6 Amendments of the Credit Unions Act 1979

6.—(1) Section 4(1) (rules) is amended as follows.

(2) In subsection (1), for “Authority”, in each place, substitute “FCA”.

(3) After subsection (1), insert—

“(1A) The FCA must consult the PRA before determining any provision under subsection (1)(b) which relates to credit unions which are PRA-authorised persons.”.

(1)

Section 4 was amended by S.I. 2001/2617 and S.I. 2002/1555.