# The Financial Services Act 2012 (Mutual Societies) Order 2018, Paragraph 1: Interpretation


In this Schedule—
(a) a reference to a numbered section or Schedule is a reference to that section of, or Schedule to, FSMA 2000;
(b) “the legislation relating to mutual societies in Northern Ireland” means—
(i) the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969; and
(ii) the Credit Unions (Northern Ireland) Order 1985.
(c) “mutuals expenditure” means expenditure incurred by the FCA—
(i) in carrying out functions which are conferred by the legislation relating to mutual societies in Northern Ireland or are otherwise exercisable by virtue of this Order;
(ii) for any purpose incidental to, or in connection with, the carrying out of such functions (including expenditure incurred before 6th April 2018 in preparation for the assumption of those functions).

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111163689/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/draft-financial-services-act-2012-mutual-societies-order-2018/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.