Paragraph 18 Consequential amendments to secondary legislationI1

United Kingdom

(1)

The Building Societies (Financial Assistance) Order 2010^f1 is amended as follows.

(2)

In article 2, omit the definitions of—

(a)

“the Authority”, and

(b)

“section 1(1)(a) function”.

(3)

In article 3—

(a)

in paragraph (3), omit “on the Authority”, and

(b)

for paragraph (5) substitute—

“(5)
A building society to which paragraph (3) applies is to be disregarded for the purposes of section 1(1)(a) and (1A)(a) of the 1986 Act.”.

(4)

In article 4—

(a)

in paragraph (3), omit “on the Authority”, and

(b)

for paragraph (5) substitute—

“(5)
A building society to which paragraph (3) applies is to be disregarded for the purposes of section 1(1)(a) and (1A)(a) of the 1986 Act.”.

(5)

In article 11—

(a)

in paragraph (4)(a), for “Authority”, in each place, substitute “FCA or the PRA”,

(b)

in paragraph (6), in the paragraph 27C(a) substituted by that paragraph, for “Authority” substitute “Financial Conduct Authority”,

(c)

in paragraph (7), for “Authority”, in each place, substitute “FCA or, as the case may be, the PRA”, and

(d)

in paragraph (9), in the paragraph 49C(a) substituted by that paragraph, for “Authority” substitute “Financial Conduct Authority”.

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