http://www.legislation.gov.uk/ukpga/2012/21/section/52/2023-08-29Financial Services Act 2012An Act to amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision about the exercise of certain statutory functions relating to building societies, friendly societies and other mutual societies; to amend section 785 of the Companies Act 2006; to make provision enabling the Director of Savings to provide services to other public bodies; and for connected purposes.texttext/xmlenStatute Law Database2026-04-20Expert Participation2023-08-29 PART 3 Mutual societies<Emphasis>Transfer of functions</Emphasis>Power to apply or disapply provision made by or under FSMA 2000521The Treasury may by order provide—afor any relevant provision that would not otherwise apply in relation to transferred functions to apply in relation to those functions with such modifications as may be specified;bfor any relevant provision that would otherwise apply in relation to transferred functions not to apply in relation to them or to apply with such modifications as may be specified.2“Relevant provision” means a provision of, or made under, FSMA 2000.3“Transferred function” means a function that has been or is being transferred by an order under section 50; and section 51(3) applies for the purpose of this subsection.S. 52 in force at 24.1.2013 by S.I. 2013/113, art. 2(1)(a), Sch. Pt. 1