Catalogue description Records of the Friendly Societies Commission

Details of LV
Reference: LV
Title: Records of the Friendly Societies Commission
Description:

Records of the Friendly Societies Commission relating to the regulation of friendly societies. Registered files are in LV 1
Related material:

For annual returns, rules and amendments to rules of friendly societies see FS
Legal status: Public Record(s)
Language: English
Creator:

Friendly Societies Commission, 1992-
Physical description: 1 series
Access conditions: Records not yet transferred
Immediate source of acquisition:

Registry of Friendly Societies
Custodial history: The secretariat for the Friendly Societies Commission is provided by the Registry of Friendly Societies.
Administrative / biographical background:

The Friendly Societies Commission was set up in 1992, following the passing of the Building Societies Act 1992. Its functions were to promote the protection by each friendly society of its funds, to promote financial stability of friendly societies generally, to ensure that the purposes of each friendly society are in conformity with the Act and any other enactment regulating the purposes of friendly societies, to administer the system of regulation of activities of friendly societies, and to advise government on matters relating to friendly societies.

By the terms of the Financial Services and Markets Act 2000 (Mutual Societies) Order, SI 2001/2617 all regulation of the financial affairs of mutual societies was transferred to the Financial Services Authority, and the Friendly Societies Commission was abolished.

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