Financial Services and Markets Bill - continued        House of Commons

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  PART XIX
  MUTUAL SOCIETIES
 
Friendly societies
The Friendly Societies Commission.     291. - (1) The Treasury may by order provide-
 
 
    (a) for any functions of the Friendly Societies Commission to be transferred to the Authority;
 
    (b) for any functions of the Friendly Societies Commission which have not been, or are not being, transferred to the Authority to be transferred to the Treasury.
      (2) If the Treasury consider it appropriate to do so, they may by order provide for the Friendly Societies Commission to cease to exist on a day specified in the order.
 
      (3) The enactments relating to friendly societies which are mentioned in Part I of Schedule 15 are amended as set out in that Part.
 
The Registry of Friendly Societies.     292. - (1) The Treasury may by order provide-
 
 
    (a) for any functions of the Chief Registrar of Friendly Societies to be transferred to the Authority;
 
    (b) for any functions of the Registrar which have not been, or are not being, transferred to the Authority to be transferred to the Treasury.
      (2) The Treasury may by order provide-
 
 
    (a) for any functions of the central office of the registry of friendly societies to be transferred to the Authority;
 
    (b) for any functions of that office which have not been, or are not being, transferred to the Authority to be transferred to the Treasury.
      (3) The Treasury may by order provide-
 
 
    (a) for any functions of the assistant registrar of friendly societies for Scotland to be transferred to the Authority;
 
    (b) for any functions of the assistant registrar which have not been, or are not being, transferred to the Authority to be transferred to the Treasury.
      (4) If the Treasury consider it appropriate to do so, they may by order provide for-
 
 
    (a) the office of Chief Registrar of Friendly Societies,
 
    (b) the central office, or
 
    (c) the office of assistant registrar of friendly societies for Scotland,
  to cease to exist on a day specified in the order.
 
 
Building societies
The Building Societies Commission.     293. - (1) The Treasury may by order provide-
 
 
    (a) for any functions of the Building Societies Commission to be transferred to the Authority;
 
    (b) any functions of the Building Societies Commission which have not been, or are not being, transferred to the Authority to be transferred to the Treasury.
      (2) If the Treasury consider it appropriate to do so, they may by order provide for the Building Societies Commission to cease to exist on a day specified in the order.
 
      (3) The enactments relating to building societies which are mentioned in Part II of Schedule 15 are amended as set out in that Part.
 
The Building Societies Investor Protection Board.     294. The Treasury may by order provide for the Building Societies Investor Protection Board to cease to exist on a day specified in the order.
 
 
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Prepared 17 June 1999