# The Financial Services Act 2012 (Mutual Societies) Order 2013, Paragraph 2


(1) Article 2 (interpretation) is amended as follows.
(2) In paragraph (2)—
(a) in the definition of “authorised bank”, in paragraph (a), for “Part 4” substitute “Part 4A”;
(b) omit the definition of “the Authority”;
(c) at the appropriate places, insert—
““the appropriate authority” means—
(a) in relation to a credit union which is a PRA-authorised person, the PRA; and
(b) in relation to a credit union which is not a PRA-authorised person, the FCA;”;
““the FCA” means the Financial Conduct Authority;”;
““the PRA” means the Prudential Regulation Authority;”; and
““PRA-authorised person” has the meaning in section 2B of the 2000 Act;”.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111533772/schedule/7/paragraph/2 (the official version)
Page: https://openlegislation.uk/draft-financial-services-act-2012-mutual-societies-order-2013/schedule-7/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.