http://www.legislation.gov.uk/ukpga/2000/8/schedule/21/2003-04-01Financial Services and Markets Act 2000An Act to make provision about the regulation of financial services and markets; to provide for the transfer of certain statutory functions relating to building societies, friendly societies, industrial and provident societies and certain other mutual societies; and for connected purposes.2000-06-15texttext/xmlenStatute Law Database2026-04-072003-04-01 SCHEDULESSCHEDULE 21 Transitional Provisions and SavingsSection 432(2). Self-regulating organisations11No new application under section 9 of the 1986 Act (application for recognition) may be entertained.2No outstanding application made under that section before the passing of this Act may continue to be entertained.3After the date which is the designated date for a recognised self-regulating organisation—athe recognition order for that organisation may not be revoked under section 11 of the 1986 Act (revocation of recognition);bno application may be made to the court under section 12 of the 1986 Act (compliance orders) with respect to that organisation.4The powers conferred by section 13 of the 1986 Act (alteration of rules for protection of investors) may not be exercised.5“Designated date” means such date as the Treasury may by order designate.6Sub-paragraph (3) does not apply to a recognised self-regulating organisation in respect of which a notice of intention to revoke its recognition order was given under section 11(3) of the 1986 Act before the passing of this Act if that notice has not been withdrawn.7Expenditure incurred by the Authority in connection with the winding up of any body which was, immediately before the passing of this Act, a recognised self-regulating organisation is to be treated as having been incurred in connection with the discharge by the Authority of functions under this Act.8“Recognised self-regulating organisation” means an organisation which, immediately before the passing of this Act, was such an organisation for the purposes of the 1986 Act.9“The 1986 Act” means the Financial Services Act 1986. Self-regulating organisations for friendly societies21No new application under paragraph 2 of Schedule 11 to the 1986 Act (application for recognition) may be entertained.2No outstanding application made under that paragraph before the passing of this Act may continue to be entertained.3After the date which is the designated date for a recognised self-regulating organisation for friendly societies—athe recognition order for that organisation may not be revoked under paragraph 5 of Schedule 11 to the 1986 Act (revocation of recognition);bno application may be made to the court under paragraph 6 of that Schedule (compliance orders) with respect to that organisation.4“Designated date” means such date as the Treasury may by order designate.5Sub-paragraph (3) does not apply to a recognised self-regulating organisation for friendly societies in respect of which a notice of intention to revoke its recognition order was given under section 11(3) of the 1986 Act (as applied by paragraph 5(2) of that Schedule) before the passing of this Act if that notice has not been withdrawn.6Expenditure incurred by the Authority in connection with the winding up of any body which was, immediately before the passing of this Act, a recognised self-regulating organisation for friendly societies is to be treated as having been incurred in connection with the discharge by the Authority of functions under this Act.7“Recognised self-regulating organisation for friendly societies” means an organisation which, immediately before the passing of this Act, was such an organisation for the purposes of the 1986 Act.8“The 1986 Act” means the Financial Services Act 1986.1986 c. 60. 1986 c. 60.