The Financial Services and Markets Act 2000 (Mutual Societies) Order 2001

Amendments to the Industrial and Provident Societies Act 1967

239.  The Industrial and Provident Societies Act 1967(1) is amended as follows.

240.  In section 1(2)—

(a)for the words “central office”, wherever they appear, there is substituted “Authority”,

(b)for the words “chief registrar”, wherever they appear, there is substituted “Authority”,

(c)for subsection (2)(b) there is substituted—

“(b)such fee as may be required by rules made in accordance with paragraph 17 of Schedule 1 to the Financial Services and Markets Act 2000.”,

(d)in subsection (3)(c) for the word “determined” there is substituted “required”, and

(e)in subsection (5) for the word “he” there is substituted “it”.

241.  In section 3(3)—

(a)in subsection (2)(b) for the words “registrar under this Act”, and

(b)in subsection (2)(c) for the word “registrar”, the second time it appears,

there is substituted “Authority”.

242.  In section 4(4)—

(a)for the word “registrar”, wherever it appears, there is substituted “Authority”,

(b)for subsection (1)(c) there is substituted—

“(c)such fee as may be required by rules made in accordance with paragraph 17 of Schedule 1 to the Financial Services and Markets Act 2000;”,

(c)in subsection (2)—

(i)for the words “Chief Registrar”, both times they appear, there is substituted “Authority”, and

(ii)for the word “he” there is substituted “it”, and

(d)in subsection (3)(c) for the words from “determined” to the end there is substituted “required by rules made in accordance with paragraph 17 of Schedule 1 to the Financial Services and Markets Act 2000.”.

243.  In section 5(5) for the word “registrar”, both times it appears, there is substituted “Authority”.

244.  In section 6, subsection (1) is omitted.

245.  In section 7—

(a)in subsection (1), before the word ““prescribed”” there is inserted ““the Authority”,”, and

(b)in subsection (2)—

(i)for the words “70 to 73” there is substituted “70A, 71 and 72”, and

(ii)for the words “regulations, documents, registrars and the central office” there is substituted “regulations and documents”.