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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order exempts certain persons from the obligation to notify the Financial Services Authority of a change in control in relation to certain friendly societies. Those who acquire, increase or reduce control or acquire, increase or reduce an additional kind of control over a friendly society to which the single market directives (within the meaning of Schedule 3 to the Financial Services and Markets Act 2000) do not apply are exempt from the obligation to notify.