# The Financial Services Act 2012 (Mutual Societies) Order 2013, Paragraph 10


(1) Section 56 (power to petition for winding up) is amended as follows.
(2) Number the existing provision as subsection (1).
(3) In that subsection, for “Authority”—
(a) in the first place, substitute “FCA or PRA”, and
(b) in the second place, substitute “FCA or PRA (as the case may be)”.
(4) After that subsection, insert—
“(2) The FCA must consult the PRA before presenting a petition under subsection (1) in respect of a PRA-authorised person.
(3) The PRA must consult the FCA before presenting a petition under subsection (1).”.
(5) In the heading, for “registrar” substitute “FCA and PRA”.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111533772/schedule/2/paragraph/10 (the official version)
Page: https://openlegislation.uk/draft-financial-services-act-2012-mutual-societies-order-2013/schedule-2/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.