SCHEDULES

SCHEDULE 1 Registered social landlords: regulation

Part II Constitution, change of rules, amalgamation and dissolution

Amalgamation and dissolution &c. of F3registered society

Annotations:
Amendments (Textual)
F3

Words in Sch. 1 para. 12 heading substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 65(5) (with Sch. 5)

12

1

This paragraph applies to F2a registered society whose registration as a social landlord has been recorded by the F1Financial Conduct Authority.

2

F8The society must notify the Welsh Ministers of a special resolution which it has passed for the purposes of—

F4a

section 109 of the Co-operative and Community Benefit Societies Act 2014 (“the 2014 Act”) (amalgamation of societies),

b

section 110 of that Act (transfer of engagements between societies), or

c

section 112 of that Act (conversion of society into a company etc),

F9...

F52A

On giving notification under sub-paragraph (2), a society must also provide the Welsh Ministers with a statement about the consultation carried out by the society with its tenants before passing the resolution to which the notification relates.

2B

But the requirement in sub-paragraph (2A) does not apply in respect of a resolution passed for the purposes of paragraph (a) of section 112(1) of the 2014 Act (conversion of society into a company).

3

Any new body created by the amalgamation or conversion or, in the case of a transfer of engagements, the transferee, shall be deemed to be registered as a social landlord forthwith upon the amalgamation, conversion or transfer taking effect.

4

If the society resolves by special resolution that it be wound up voluntarily under the M1Insolvency Act 1986, F6the society must notify the Welsh Ministers of the resolution.

F105

If an instrument of dissolution is approved in accordance with section 119(3) of the 2014 Act (dissolution of society by instrument), the society to which the instrument relates must notify the Welsh Ministers of the approval.

F76

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