questionText: To ask the Chancellor of the Exchequer, if he will take steps to ensure that the Financial Conduct Authority is able to penalise misconduct by officers of friendly societies.
answerText: The Financial Conduct Authority (FCA) has the power to prosecute offences by officers under the Friendly Societies Act 1974 and Friendly Societies Act 1992 . In addition, for friendly societies authorised and regulated to conduct regulated activities unde...
heading: Friendly Societies: Misconduct