# The Financial Services Act 2012 (Mutual Societies) Order 2013, Paragraph 35


(1) Section 86 (transfer of engagements by or to friendly society) is amended as follows.
(2) In subsection (2)(e) and (3)(b), for “Authority” substitute “appropriate authority”.
(3) After subsection (3), insert—
“(3A) The PRA must consult the FCA before giving its consent under subsection (3)(b).”.
(4) In subsection (4)—
(a) for “Authority” substitute “appropriate authority”; and
(b) for “it” substitute “the FCA”.
(5) In subsections (6) and (7), for “Authority” substitute “FCA”.
(6) In subsection (12), for “Part IV” substitute “Part 4A”.

---
Source: https://www.legislation.gov.uk/ukdsi/2013/9780111533772/schedule/9/paragraph/35 (the official version)
Page: https://openlegislation.uk/draft-financial-services-act-2012-mutual-societies-order-2013/schedule-9/paragraph-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.