# The Financial Services Act 2012 (Mutual Societies) Order 2013, Paragraph 3


(1) Section 1 (functions in relation to friendly societies) is amended as follows.
(2) In subsection (1), for “Financial Services Authority (“the Authority”)” substitute “Financial Conduct Authority (“the FCA”)”.
(3) After subsection (1), insert—
“(1A) The function in subsection (1)(c) is also a function of the Prudential Regulation Authority (“the PRA”).”.
(4) In subsection (2)—
(a) for “Authority also has” substitute “FCA and the PRA also have”; and
(b) for “it” substitute “them respectively”.
(5) For the heading, substitute “Functions of the Financial Conduct Authority and the Prudential Regulation Authority in relation to friendly societies”.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111533772/schedule/9/paragraph/3 (the official version)
Page: https://openlegislation.uk/draft-financial-services-act-2012-mutual-societies-order-2013/schedule-9/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.