Financial Services and Markets Act (Hansard, 21 November 2001)

HC Deb 21 November 2001 vol 375 c360W 360W

§ Mr. Flight
To ask the Chancellor of the Exchequer if he will make a statement on the impact on the status of friendly societies of the coming into force of the Financial Services and Markets Act 2000. [15916]

§ Ruth Kelly
The constitutional status of friendly societies as member-owned mutual societies will be unchanged by the Financial Services and Markets Act 2000 (FSMA). That Act will harmonise the regulation of friendly societies and other insurance business under a single regulator, the Financial Services Authority (FSA).