Paragraph 42

(1)

Section 103^f1 (power to modify Part 6 in relation to particular friendly societies) is amended as follows.

(2)

In subsections (1) and (3), for “Authority”, in each place, substitute “appropriate authority”.

(3)

After subsection (3), insert—

“(3A)
The PRA must consult the FCA before making, varying or revoking a direction under this section.

(3B)
The PRA must send the FCA a copy of any direction, variation or revocation under this section.”.

(4)

For subsection (7), substitute—

“(7)
The FCA must keep in a register kept by it for the purposes of this subsection a copy of any direction, variation or revocation under this section.”.

(5)

In subsection (9)—

(a)

for “Authority” substitute “FCA”; and

(b)

in paragraph (a), omit “made by it”.

Annotations

Footnotes

f1: Section 103 was amended by S.I. 1996/1188 and S.I. 2001/2617.