Schedule 9 Amendments of the Friendly Societies Act 1992 (paras. 1-56)
1. The Friendly Societies Act 1992 [1992 c.40.] is amended as follows.
2. In the heading to Part 1, for "Authority" substitute "Financial Conduct Authority and the Prudential Regulation Authority".
(1) Section 1 [Section 1 was amended by S.I. 2001/2617.] (functions in relation to friendly societies) is amended as follows.
(2) In subsection (1), for "Financial Services Authority ("the Authority") " substitute "Financial Conduct Authority ("the FCA") ".
(3) After subsection (1), insert -
"(1A) The function in subsection (1)(c) is also a function of the Prudential Regulation Authority ("the PRA").".
(4) In subsection (2) -
(a) for "Authority also has" substitute "FCA and the PRA also have"; and
(b) for "it" substitute "them respectively".
(5) For the heading, substitute "Functions of the Financial Conduct Authority and the Prudential Regulation Authority in relation to friendly societies".