Paragraph 4

(1)

Section 5^f1 (establishment, constitution and powers) is amended as follows.

(2)

In subsection (2), for “Authority” substitute “FCA”.

(3)

In subsection (4A), for “Authority” substitute “appropriate authority”.

(4)

For subsection (13)(a), substitute—

“(a)
section 1(1A)(a) (functions of the Prudential Regulation Authority in relation to building societies);”.

Annotations

f1: Section 5 was amended by the Building Societies Act 1997 (c.32), section 1, the Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 (c.26), section 1 and S.I. 2001/2617.