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

SCHEDULE 8 Amendments of the Building Societies Act 1986

33.—(1) Section 89(1) (winding up by court: grounds and petitioners) is amended as follows.

(2) In subsection (1), for “Part IV”, in each place, substitute “Part 4A”.

(3) For subsection (2)(a), substitute—

“(a) the FCA, after consulting the PRA if the society is a PRA-authorised person,

(aa) if the society is a PRA-authorised person, the PRA, after consulting the FCA,”.

(1)

Section 89(1) was amended by S.I. 2001/2617.