# Financial Services Act 1986 (repealed), Paragraph 40A

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

(1) In the case of an application for authorisation under section 26 of this Act made by an incorporated friendly society section 27(3) shall have effect as if the following paragraph were substituted for paragraph (a)—
“(a) to any member of the committee of management or any director or controller of a subsidiary of the society or of a body jointly controlled by the society.”
(2) Where the other person mentioned in paragraph (b) of the definition of “connected person” in section 105(9) of this Act is an incorporated friendly society that paragraph shall have effect with the substitution for the words from “director" onwards of the words “member of the committee of management of the society or any director, secretary or controller of a subsidiary of the society or a body jointly controlled by the society."

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Source: https://www.legislation.gov.uk/ukpga/1986/60/schedule/11/paragraph/40A (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-repealed/schedule-11/paragraph-40A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.