FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd
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154<br />
Section six – Appendices<br />
Appendix 7<br />
Registration of mutual societies and authorisation of credit unions as at 31 March 20<strong>07</strong><br />
Societies (and Branches) registered<br />
Industrial and<br />
under the Friendly Societies<br />
Provident Societies Acts 1974 and 1992 Credit Unions Building Societies<br />
(Registered under the (Includes friendly societies, (Authorised as credit unions (Registered under the<br />
Industrial and Provident working men’s clubs, under the Industrial and Building Societies Act<br />
Societies Act 1965) benevolent societies and Provident Societies Act 1965) 1986)<br />
specially authorised societies)<br />
8,350 2,284 536 60<br />
Note: These categories are based on the legislation under which an entity is incorporated or registered. As a result, they<br />
may not match the <strong>FSA</strong> Firm Primary Category Type used to determine the overall breakdown of firm types.<br />
During the year we dealt with over 6,000 cases of registration applications<br />
and related correspondence about registered mutual societies. Only a<br />
minority of these led to registration of a new society; most were received<br />
from existing societies wishing to amend their rules, register special<br />
resolutions or record charges or changes of address.<br />
The vast majority of the 151 new societies registered during the year were<br />
registered as Industrial and Provident Societies. The number of societies that<br />
cancelled their registrations was greater than the number of new<br />
registrations, leading to an overall slight decline in the numbers of societies.<br />
Information about mutual society registration matters, including forms to<br />
download, can be found at:<br />
http://www.fsa.gov.uk/Pages/Doing/small_firms/MSR/index.shtml