52.—(1) Section 119(1) (interpretation) is amended as follows.
(2) In subsection (1)—
(a)omit the definition of “the Authority”;
(b)in the definition of “officially notified”, for “Authority” substitute “FCA”;
(c)in the definition of “the public file”, for “Authority” substitute “FCA”; and
(d)at the appropriate places, insert—
““the appropriate authority” means—
in relation to a building society which is a PRA-authorised person, the PRA; and
in relation to a building society which is not a PRA-authorised person, the FCA;”;
““the FCA” means the Financial Conduct Authority;”;
““the PRA” means the Prudential Regulation Authority;”;
““PRA-authorised person” has the meaning in section 2B of the Financial Services and Markets Act 2000;”.
(3) In subsection (1A)—
(a)for “Authority” substitute “FCA”; and
(b)for “Authority’s” substitute “FCA’s”.
(4) In subsection (4), for “Authority” substitute “appropriate authority”.
Section 119(1) was amended by the Building Societies Act 1997, S.I. 1996/1669, S.I. 2001/2617, S.I. 2001/3649, S.I. 2003/404, S.I. 2004/3380, S.I. 2008/948, S.I. 2009/805, and S.I. 2009/1941. Subsection (1A) was inserted by S.I. 2001/2617.