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

SCHEDULE 9 Amendments of the Friendly Societies Act 1992

40.—(1) Section 91(1) (conversion of friendly society into company) is amended as follows.

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

(3) After subsection (2), insert—

“(2A) The PRA must consult the FCA before giving a confirmation under this section.”.

(4) In subsections (4) and (5), for “Authority”, in each place, substitute “FCA”.

(5) In subsection (6), for “Authority” substitute “appropriate authority”.

(1)

Section 91 was amended by S.I. 2001/2617 and S.I. 2009/1941.