# The Financial Services and Markets Act 2000 (Mutual Societies) Order 2001 S.I. 2001/2617 · made 18 July 2001 · revised to 1 August 2014 Part XXI of the Financial Services and Markets Act 2000 (c. 8) (“the 2000 Act”) provides for the transfer, to the Financial Services Authority (“the Authority”) or to the Treasury, of functions of the Friendly Societies Commission, the Building Societies Commission, and the Registry of Friendly Societies (specifically the Chief Registrar of Friendly Societies, the central office of the registry of friendly societies, the assistant registrar of friendly societies for Scotland, and the other assistant registrars). The functions of the Registry extend not only to friendly societies but also to other kinds of registered society registered under the Friendly Societies Act 1974, as well as building societies, industrial and provident societies and credit unions. Made under: Financial Services and Markets Act 2000 (Section 334, Section 335, Section 336, Section 337, Section 338, Section 339, Section 426, Section 427, Section 428) PDFs: Printed copy https://openlegislation.uk/financial-services-and-markets-act-2000-mutual-societies-order-2001/pdf/uksi_20012617_en.pdf ## Introductory text FINANCIAL SERVICES AND MARKETS Made 18th July 2001 Laid before Parliament 19th July 2001 Coming into force in accordance with article 2 The Treasury, in exercise of the powers conferred on them by sections 334(1) and (2), 335(1), (2), (3) and (4), 336(1) and (2), 337, 338(1) and (2), 339(1) and (2), 426, 427 and 428(3) of the Financial Services and Markets Act 2000 and of all other powers enabling them in that behalf, hereby make the following Order:— ## Part I: General ## 1 Citation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Interpretation (1) In this Order— “the 2000 Act” means the Financial Services and Markets Act 2000, “assistant registrar” means an assistant registrar of friendly societies for the central registration area, “the assistant registrar for Scotland” means the assistant registrar of friendly societies for Scotland, “the Board” means the Building Societies Investor Protection Board, “building society” has the same meaning as in the Building Societies Act 1986, “the central office” means the central office of the registry of friendly societies, “the central registration area” means the area defined by section 4(1)(a) of the Friendly Societies Act 1974 (as it had effect immediately before its repeal by the 2000 Act), “the Chief Registrar” means the Chief Registrar of friendly societies, “commencement” means the beginning of the day on which section 19 of the 2000 Act comes into force, “enactment” includes an enactment contained in subordinate legislation within the meaning of the Interpretation Act 1978, and “the last period” means the period beginning with 1st April 2001 and ending at commencement. (2) In this Order, “transferred function” means any function transferred by article 4 and, in relation to any transferred function, “transferor” means the person from whom the function is transferred and “transferee” means the person to whom it is transferred. (3) In this Order, unless the context otherwise requires, any reference to an article by number alone is a reference to the article so numbered in this Order. ## Part II: Transferred functions ## 4 Transfer of functions (1) The functions— (a) of the Chief Registrar, the assistant registrar for Scotland, the assistant registrars and the central office listed in Part I of Schedule 1 to this Order, (b) of the Friendly Societies Commission listed in Part II of Schedule 1 to this Order, and (c) of the Building Societies Commission listed in Part III of Schedule 1 to this Order, are transferred to the Treasury. (2) All other functions which, immediately before commencement were functions— (a) of the Chief Registrar, the assistant registrar for Scotland, the assistant registrars or the central office, (b) of the Friendly Societies Commission, or (c) of the Building Societies Commission, are transferred to the Authority, subject to any repeal or amendment made by any provision of this Order or by any other provision of or made under the 2000 Act. (3) Schedule 2 makes provision about the application of the 2000 Act in relation to functions transferred (or to be transferred) to the Authority by paragraph (2) above. (4) For the purposes of the Transfer of Undertakings (Protection of Employment) Regulations 1981, paragraph (2) above is to be regarded as giving rise to the transfer of an undertaking by virtue of each of sub-paragraphs (a), (b) and (c) of that paragraph, whether or not it would otherwise be so regarded. ## 5 Consequential and transitional provisions in relation to transferred functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Requirements to provide documents etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Consequential modification of non-statutory provisions (1) Where a relevant provision is predicated on the continuing exercise of any transferred function by the transferor, any reference in the provision to the transferor has effect, in relation to any time after commencement, as a reference to the transferee. (2) Paragraph (3) applies where— (a) a relevant provision contains a requirement for consent to be given by the Building Societies Commission before the repayment by a building society of any sum owed by it, and (b) the requirement was included in the relevant provision so as to comply with the terms of— (i) an order made under section 45(5) of the Building Societies Act 1986 as that section had effect before the coming into force of section 21 of the Building Societies Act 1997, (ii) an order made under section 119(1) of the Building Societies Act 1986, or (iii) guidance issued by the Building Societies Commission pursuant to section 45AA of that Act. (3) Unless the context otherwise requires, the requirement has effect, in relation to any time after commencement, as a requirement for consent to be given by the Authority. (4) Paragraph (5) applies where a relevant provision prohibits the payment or crediting of interest on any sum owed by a building society if the board of directors of the society is of the opinion that— (a) there has been a failure on the part of the society to satisfy a criterion of prudent management, set out in section 45(3) of the Building Societies Act 1986 as it had effect at any time before commencement, relating to the maintenance of adequate reserves and other capital resources, or (b) there would be such a failure if the interest was paid or credited. (5) Unless the context otherwise requires, any reference in that provision to that criterion has effect, in relation to any time after commencement, as a reference to the condition set out in paragraph 5D of Schedule 6 to the 2000 Act (business to be conducted in a prudent manner). (6) “Relevant provision” means a provision which— (a) is contained in the rules of a building society, friendly society or registered society, or in any other contract, deed or document other than an enactment, and (b) has effect before, as well as after, commencement, but for the purposes only of paragraph (1) above also includes a provision in any document which is provided to the Authority after commencement pursuant to article 6(2). ## 8 Anticipatory exercise of powers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part III: Dissolutions ## 9 The Building Societies Commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 The Friendly Societies Commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 The Building Societies Investor Protection Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 The Chief Registrar, assistant registrar for Scotland, and assistant registrars . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part IV: Amendments, repeals etc. ## 13 Amendments, repeals, transitional provisions and savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature Anne McGuire Tony McNulty Two of the Lords Commissioners of Her Majesty’s Treasury 18th July 2001 ## Schedule 1: FUNCTIONS TRANSFERRED TO THE TREASURY ## I FUNCTIONS OF THE CHIEF REGISTRAR, ASSISTANT REGISTRAR FOR SCOTLAND, ASSISTANT REGISTRARS AND THE CENTRAL OFFICE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## II FUNCTIONS OF THE FRIENDLY SOCIETIES COMMISSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## III FUNCTIONS OF THE BUILDING SOCIETIES COMMISSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 2: APPLICATION OF FINANCIAL SERVICES AND MARKETS ACT 2000 TO TRANSFERRED FUNCTIONS ### Interpretation ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### General ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Rules relating to fees ## 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Guidance ## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 3: ENACTMENTS AMENDED ### Part I: FRIENDLY SOCIETIES ### Chapter: Amendments to the Friendly Societies Act 1974 ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter: Amendments to the Friendly Societies Act 1981 ## 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter: Amendments to the Friendly Societies Act 1984 ## 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter: Amendments to the Friendly Societies Act 1992 ## 53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 59 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 67 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 69 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 72 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 73 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 74 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 75 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 76 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 77 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 79 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 80 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 81 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 82 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 83 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 84 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 85 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 86 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 87 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 88 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 89 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 90 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 91 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 92 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 93 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 94 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 95 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 96 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 97 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 98 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 99 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 101 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 102 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 103 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 104 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 105 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 106 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 107 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 108 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 109 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 110 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 111 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 112 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 113 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 114 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 115 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 116 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 117 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 118 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 119 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 120 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 121 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 122 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 123 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 124 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 125 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 126 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 127 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 128 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 129 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 130 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Part II: BUILDING SOCIETIES ### Amendments to the Building Societies Act 1986 ## 131 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 132 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 133 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 134 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 135 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 136 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 137 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 138 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 139 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 140 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 141 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 142 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 143 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 144 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 145 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 146 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 147 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 148 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 149 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 150 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 151 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 152 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 153 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 154 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 155 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 156 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 157 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 158 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 159 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 160 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 161 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 162 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 163 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 164 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 165 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 166 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 167 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 168 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 169 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 170 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 171 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 172 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 173 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 174 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 175 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 176 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 177 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 178 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 179 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 180 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 181 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 182 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 183 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 184 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 185 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 186 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 187 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 188 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 189 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 190 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 191 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 192 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 193 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 194 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 195 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 196 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 197 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 198 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 199 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 200 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 201 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 202 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 203 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 204 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 205 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 206 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 207 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 208 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 209 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 210 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 211 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 212 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 213 Amendments to the Building Societies Act 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Part III: INDUSTRIAL AND PROVIDENT SOCIETIES ### Chapter: Amendments to the Industrial and Provident Societies Act 1965 ## 214 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 215 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 216 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 217 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 218 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 219 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 220 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 221 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 222 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 223 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 224 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 225 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 226 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 227 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 228 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 229 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 230 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 231 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 232 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 233 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 234 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 235 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 236 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 237 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 238 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter: Amendments to the Industrial and Provident Societies Act 1967 ## 239 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 240 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 241 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 242 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 243 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 244 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 245 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter: Amendments to the Friendly and Industrial and Provident Societies Act 1968 ## 246 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 247 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 248 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 249 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 250 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 251 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 252 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 253 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 254 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 255 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 256 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 257 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 258 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 259 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 260 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 261 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter: Amendments to the Industrial and Provident Societies Act 1975 ## 262 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter: Amendments to the Industrial and Provident Societies Act 1978 ## 263 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Part IV: CREDIT UNIONS ### Chapter: Amendments to the Credit Unions Act 1979 ## 264 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 265 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 266 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 267 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 268 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 269 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 270 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 271 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 272 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 273 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 274 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 275 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 276 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 277 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 278 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 279 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 280 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 281 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 282 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 283 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 284 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 285 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 286 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 287 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 288 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 289 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 290 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 291 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 4 REPEALS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 5: TRANSITIONAL PROVISIONS AND SAVINGS ## 1 Provisions about proof of documents etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Friendly Societies Act 1974 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Section 47(3) (amendment, for the purposes of the section, of rules of a society or branch existing on 25th April 1940) is to be treated as if it continued to have effect in relation to any rule registered in accordance with that subsection before commencement. ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Section 111(3) (which provides a definition of “registrar”) is to be treated as if it continued to have effect, for the purposes of section 15(1) (which relates to acknowledgements of registration issued by the registrar), insofar as that provision continues to be relevant for the purposes of sections 15(2) or 17. ## 8 Friendly Societies Act 1992 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Section 63A (as substituted by paragraph 78 of Schedule 3 to this Order) (disclosure of information) also applies to any information which— (a) is information to which that section would not otherwise apply; (b) immediately before commencement was restricted information within the meaning of section 63 of the Friendly Societies Act 1992 as it then had effect; and (c) is not excluded information within the meaning of section 63A(4); and, for the purposes of paragraph (c) above, section 63A(4) is to be read as if, in relation to any time before commencement, the reference to section 348 of the Financial Services and Markets Act 2000 were a reference to section 63 of the Friendly Societies Act 1992. ## 12 For the purposes of section 63A as it applies by virtue of paragraph 11 above, a person who holds the information is to be treated as a primary recipient of the information if he was a primary recipient for the purposes of section 63, and any other person who holds the information is to be treated as having obtained it directly or indirectly from a primary recipient. ## 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Building Societies Act 1986 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Section 53A (as substituted by paragraph 152 of Schedule 3 to this Order) (disclosure of information) also applies to any information which— (a) is information to which that section would not otherwise apply; (b) is information the disclosure of which, immediately before commencement, was prohibited by section 53 as it then had effect; and (c) is not excluded information within the meaning of section 53A(4); and, for the purposes of paragraph (c) above, section 53A(4) is to be read as if, in relation to any time before commencement, the reference to section 348 of the Financial Services and Markets Act 2000 were a reference to section 53 of the Building Societies Act 1986. ## 22 For the purposes of section 53A as it applies by virtue of paragraph 21 above, a person who holds the information is to be treated as a primary recipient of the information if before commencement he was a person who was prohibited from disclosing the information by section 53 as it then had effect, and any other person who holds the information is to be treated as having obtained it directly or indirectly from a primary recipient. ## 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 In section 119(1) (interpretation)— (a) the definition of “the central office” is to be treated as if it continued to have effect for the purposes of section 5(4) (which relates to societies registered with the central office immediately before the commencement of that section) and paragraph 5 of Schedule 20 (registration before commencement of section 5), and (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Explanatory note (This note is not part of the Order) Part XXI of the Financial Services and Markets Act 2000 (c. 8) (“the 2000 Act”) provides for the transfer, to the Financial Services Authority (“the Authority”) or to the Treasury, of functions of the Friendly Societies Commission, the Building Societies Commission, and the Registry of Friendly Societies (specifically the Chief Registrar of Friendly Societies, the central office of the registry of friendly societies, the assistant registrar of friendly societies for Scotland, and the other assistant registrars). The functions of the Registry extend not only to friendly societies but also to other kinds of registered society registered under the Friendly Societies Act 1974, as well as building societies, industrial and provident societies and credit unions. Article 4 of this Order effects the transfer of these functions. Those listed in Schedule 1 (mostly powers to make legislative provision through regulations or orders) are transferred to the Treasury, whilst all other functions are transferred to the Authority subject to any contrary provision made by or under the 2000 Act. Schedule 2 makes provision as to the way in which provisions in the 2000 Act (in particular provisions referring to functions of the Authority) will apply to the Authority when exercising the functions transferred to it. The transfer of functions takes effect when the Order comes fully into force (“commencement”), at the same time as the general prohibition in section 19 of the 2000 Act. However Schedule 2 and article 8 of the Order come into force earlier on the 17th August 2001. Article 8 permits the Treasury and the Authority to make rules, regulations and orders and give directions in advance, in order to come into force at commencement. Article 5 contains general consequential and transitional provisions in relation to transferred functions. Article 6 contains deals specifically with the situation where, at commencement, a person has not yet complied with a requirement imposed on him, or exercised an entitlement which he has, to provide a document or other information. For example this would cover the situation where a society’s annual return or accounts have not been provided before commencement. In such situations the document or information is to be provided to the Authority, along with any related fee. Article 7 updates non-statutory provisions, such as the rules of mutual societies, which relate to transferred functions. Articles 9 to 12 provide for the dissolution of the bodies and office-holders whose functions are transferred, and of the Building Societies Investor Protection Board set up under the Building Societies Act 1986 (c. 53). Article 13 gives effect to the amendments and repeals contained in Schedules 3 and 4, subject to the transitional provisions and savings contained in Schedule 5 and to any other such provisions made under the 2000 Act. Further amendments and repeals to the legislation relating to mutual societies are contained in Schedules 18, 20 and 22 to the 2000 Act itself. --- Source: https://www.legislation.gov.uk/uksi/2001/2617 (the official version) Page: https://openlegislation.uk/financial-services-and-markets-act-2000-mutual-societies-order-2001 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.