Paragraph 3
United Kingdom
Any person who institutes proceedings in the court in relation to a dispute to which paragraph 1 above applies shall give notice of the fact and of the matter in dispute to the F1FCA and, if the society is a PRA-authorised person, the PRA .
The court shall not proceed to hear a dispute to which paragraph 1 applies until the court is satisfied that the notice required by sub-paragraph (1) above has been given.
The FCA and, if the society is a PRA-authorised person, the PRA shall be entitled, with the leave of the court, to attend and to be heard at any hearing of a dispute to which paragraph 1 applies.
Annotations
Textual amendments
- F1
Words in Sch. 14 para. 3 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 8 para. 56(4) (with Sch. 12)
Notes on Schedule 14
Modifications
- C1
Sch. 14 excluded (temp.) by S.I. 1986/2168, art. 3(1)(4)
Notes on Right of FCA and PRA to be heard
Textual amendments
- F1
Words in Sch. 14 para. 3 heading substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 8 para. 56(3) (with Sch. 12)