No. 213, in page 157, line 23, at end insert—
'(1A) The body to which functions are transferred by the first order made under sub-paragraph (1) above shall be the body known as the Securities and Investments Board Limited if the Secretary of State consents to the making of the order and it appears to the Registrar that that body is able and willing to discharge those functions, that the requirements mentioned in paragraph (b) of that sub-paragraph arc satisfied in the case of that body and that he is not precluded from making the order by the following provisions of this paragraph or paragraph 19 or 20 below.'.
§ No. 214, in page 157, line 35, leave out 'sub-paragraph (5)' and insert 'sub-paragraphs (5) and (6A)'.
§ No. 215, in page 157, line 37, leave out '4' and insert `2'
No. 216, in page 158, line 4, at end insert—
'(6A) A transfer order—
No. 217, in page 159, line 1, leave out from 'the' to 'paragraph' in line 3 and insert
`reference to section 96(8)(6) of this Act there shall be substituted a reference to'.
§ No. 218, in page 159, line 6, leave out 'paragraphs 1(2) and (3) and 4(2)' and insert 'paragraph 1(2) and (3)'.
No. 219, in page 159, line 11, at end insert—
'(d) paragraph 12A(3) shall have effect as if the reference to section 96(8) were a reference to paragraph 19(1) above.'.
No. 220, in page 159, line 18, at end insert—
'22A.—(1) This paragraph applies where the function of making or revoking a recognition order in respect of a self-regulating organisation for friendly societies is exercisable by a transferee body.
(2) Paragraph 2A(2) above shall have effect as if the first reference to the Secretary of State included a reference to the Registrar.
(3) The transferee body shall not regard the requirement mentioned in paragraph 2B(2) as satisfied unless the Registrar has certified that he also regards it as satisfied.
(4) A transferee body shall send the Registrar and the Secretary of State a copy of any notice received by it under paragraph 2F(6) above.
(5) Where the Secretary of State exercises any of the powers conferred by paragraph 2H(2) above in relation to an organisation the Registrar shall direct the transferee body to take the appropriate action in relation to that organisation.'
§ No. 221, in page 160, line 7, leave out '106, 108 and'.
No. 222, in page 160, line 27, leave out 'Section 109(1)'and insert
'For the powers referred to in subsection (IA) of section 109 there shall be substituted references to the powers under paragraphs 21–42)(b) or (c) or 2A(2) above or the power mentioned in paragraph 25(3)(b) above and subsection (1) of that section.'.
§ No. 223, in page 161, leave out line 3 and insert—