# Financial Services Act 1986 (repealed), Paragraph 12

Extent: E+W+S+N.I.

(1) Subject to the following provisions of this paragraph, sections 44(7), 102(1)(c), 124, 125, 126,180(1)(n), 181, 187, 192 and 200(4) of this Act shall apply in relation to recognised self-regulating organisations for friendly societies as they apply in relation to recognised self-regulating organisations.
(2) In its application by virtue of sub-paragraph (1) above section 126(1) of this Act shall have effect as if the reference to section 119(2) were a reference to paragraph 10(1) above.
(3) In its application by virtue of sub-paragraph (1) above subsection (2) of section 187 of this Act shall have effect as if—
(a) the reference in paragraph (a) to paragraphs 1 to 6 of Schedule 2 were to paragraphs 2 to 6 of that Schedule (as they apply by virtue of paragraph 4 above) and to sub-paragraph (2) of paragraph 4 above; and
(b) paragraph (d) referred to the powers of the organisation under paragraph 23(4) below.
(4) A direction under subsection (1) of section 192 of this Act as it applies by virtue of sub-paragraph (1) above shall direct the Commission to direct the organisation not to take or, as the case may be, to take the action in question; and where the function of making or revoking a recognition order in respect of a self-regulating organisation for friendly societies is exercisable by a transferee body any direction under that subsection as it applies as aforesaid shall be a direction requiring the Commission to direct the transferee body to give the organisation such a direction as is specified in the direction given by the Secretary of State.
(5) Subsection (5) of that section shall not apply to a direction given to the Commission by virtue of this paragraph.

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Source: https://www.legislation.gov.uk/ukpga/1986/60/schedule/11/paragraph/12 (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-repealed/schedule-11/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.