1.—(1) This Order may be cited as the Financial Services Act 2012 (Mutual Societies) Order 2013 and, comes into force on 1st April 2013.
2. The following Schedules to this Order have effect—
(a)Schedule 1 (which provides for the application of FSMA 2000(1) to the functions made exercisable by the FCA and the functions transferred to the PRA by Schedules 2 to 10);
(b)Schedules 2 to 10 (which amend certain enactments relating to mutual societies so as to make functions of the Financial Services Authority exercisable by that body corporate as the FCA(2) and to transfer functions of the Financial Services Authority to the PRA);
(c)Schedule 11 (which makes amendments consequential on Schedules 2 to 10);
(d)Schedule 12 (which makes transitional provision).
Desmond Swayne
Stephen Crabb
Two of the Lords Commissioners of Her Majesty’s Treasury
5th March 2013