OpenLegislation

Paragraph 25 I1

United Kingdom

In section 111(1)f1 (interpretation)—

(a)

omit the definition of “the Authority”; and

(b)

at the appropriate places, insert—

  • ““the appropriate authority” means—

    1. (a)

      in relation to a society which is a PRA-authorised person, the PRA; and

    2. (b)

      in relation to a society which is not a PRA-authorised person, the FCA;”;

  • ““the FCA” means the Financial Conduct Authority;”;

  • ““the PRA” means the Prudential Regulation Authority;”; and

  • ““PRA-authorised person” has the meaning in section 2B of the Financial Services and Markets Act 2000;”.

Annotations

Commencement

I1

Sch. 5 para. 25 in force at 1.4.2013, see art. 1(1)

Footnotes

f1

Section 111 was amended by Schedule 16 to the Friendly Societies Act 1992 and S.I. 2001/2617.