SCHEDULE 2 U.K.Amendments of the Industrial and Provident Societies Act 1965

14.—(1) Section 66(1) (institution of proceedings) is amended as follows. U.K.

(2) In subsection (1), for “Authority”, in each place, substitute “FCA”.

(3) After subsection (1)(b), insert—

“(ba) in the case of proceedings by virtue of section 61 in respect of neglect or a failure to do any act, or furnish any information, required by the PRA—

(i) the FCA, after notifying the PRA; or

(ii) the PRA, after notifying the FCA;”.

(4) In subsection (2), for “Authority”—

(a) in the first place, substitute “FCA, the PRA”, and

(b) in the second place, substitute “FCA or the PRA”.

Commencement Information

I1 Sch. 2 para. 14 in force at 1.4.2013, see art. 1(1)

(1)

Section 66 was amended by S.I. 2001/2617.