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

SCHEDULE 8 Amendments of the Building Societies Act 1986

38.—(1) Section 94(1) (transfer of engagements) is amended as follows.

(2) In subsection (5)(b), for “Authority” substitute “appropriate authority”.

(3) In subsection (7)(a), for “Authority” substitute “appropriate authority”.

(4) In subsection (8)—

(a) for “Authority” substitute “appropriate authority”; and

(b) for “it shall” substitute “the FCA must”.

(5) In subsection (9), for “Authority” substitute “FCA”.

(1)

Section 94 was amended by S.I. 2001/2617. There are other amending instruments, but none is relevant.