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.
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...
Friendly Societies: Misconduct