# Financial Services Act 1986 (repealed), Paragraph 4

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

(1) The requirements referred to in paragraph 3 above are that mentioned in sub-paragraph (2) below and those set out in paragraphs 2 to 7 of Schedule 2 to this Act as modified in sub-paragraphs (3) to (5) below.
(2) The rules of the organisation must take proper account of Parts V and VIII of the Friendly Societies Act 1992.
(3) References in paragraphs 2, 3, 4 and 6 of Schedule 2 to members are to members who are regulated friendly societies.
(4) In paragraph 3 of that Schedule—
(a) in sub-paragraph (1) for the reference to Chapter V of Part I of this Act there shall be substituted a reference to paragraphs 14 to 22D below; and
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c) in sub-paragraph (3) for the reference to Chapter VI of that Part there shall be substituted a reference to the powers exercisable by the Commission by virtue of paragraph 23 below.
(5) In paragraph 4 of that Schedule for the reference to Chapter V of Part I of this Act there shall be substituted references to paragraphs 14 to 22D below.

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Source: https://www.legislation.gov.uk/ukpga/1986/60/schedule/11/paragraph/4 (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-repealed/schedule-11/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.