SCHEDULES
SCHEDULE 9Building societies
Ability to create floating charges
I14
1
Omit section 9B (restriction on creation of floating charges).
2
In Schedule 15A (application of other companies insolvency legislation to building societies), omit the following paragraphs—
a
paragraph 18 (which modifies section 15 of the Insolvency Act 1986);
b
paragraph 20 (which modifies section 19 of that Act);
c
paragraph 40 (which modifies Article 28 of the Insolvency (Northern Ireland) Order 1989);
d
paragraph 42 (which modifies Article 31 of that Order).
3
In consequence of the amendment made by sub-paragraph (1)—
a
in section 1(1A)(b), for “, 9A and 9B” substitute “
and 9A
”
;
b
in the Building Societies Act 1997, omit section 11;
c
in section 11(3) of the Banking (Special Provisions) Act 2008, for paragraph (c) substitute—
c
sections 8 and 9A of the Building Societies Act 1986 (restrictions on raising funds and borrowing and on transactions involving derivative instruments etc);
d
in section 251 of the Banking Act 2009, omit subsection (7);
e
in the Financial Services Act 2012, omit section 55.