SCHEDULE 8Amendments of the Building Societies Act 1986
I152
1
Section 119184 (interpretation) is amended as follows.
2
In subsection (1)—
a
omit the definition of “the Authority”;
b
in the definition of “officially notified”, for “Authority” substitute “FCA”;
c
in the definition of “the public file”, for “Authority” substitute “FCA”; and
d
at the appropriate places, insert—
“the appropriate authority” means—
- a
in relation to a building society which is a PRA-authorised person, the PRA; and
- b
in relation to a building society which is not a PRA-authorised person, the FCA;
“the FCA” means the Financial Conduct Authority;
“the PRA” means the Prudential Regulation Authority;
“PRA-authorised person” has the meaning in section 2B of the Financial Services and Markets Act 2000;
3
In subsection (1A)—
a
for “Authority” substitute “FCA”; and
b
for “Authority’s” substitute “FCA’s”.
4
In subsection (4), for “Authority” substitute “appropriate authority”.