# Friendly Societies Act 1992, Paragraph 11

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

The appropriate authority shall not confirm an amalgamation, transfer of engagements or conversion unless it is satisfied that there is no substantial risk that the successor society, the proposed transferee, or the company into which the society is converted, will not have—
(a) such permission (if any) under Part 4A of the Financial Services and Markets Act 2000, ...
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
as will enable it to carry on the business which it will have as a result of the amalgamation, transfer or conversion without contravening section 19 of that Act (the general prohibition).

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Source: https://www.legislation.gov.uk/ukpga/1992/40/schedule/15/paragraph/11 (the official version)
Page: https://openlegislation.uk/friendly-societies-act-1992/schedule-15/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.