Registered providers: insolvency, restructuring etc
I118Receipt of transfers of engagements from a registered society
1
The Housing and Regeneration Act 2008 is amended as follows.
2
After section 161 insert—
161ACompany: receipt of transfer of engagements from registered society
1
This section applies to a registered provider which is a registered company.
2
The registered provider must notify the regulator if a registered society which is not a registered provider passes a resolution under section 112(1)(c) of the Co-operative and Community Benefit Societies Act 2014 transferring its engagements to the registered provider.
3
The Financial Conduct Authority may register the resolution only if the registered society which passed it has confirmed to the Financial Conduct Authority that the regulator has been notified.
3
After section 163A (inserted by section 17) insert—
163BRegistered society: receipt of transfer of engagements from another registered society
1
This section applies to a registered provider which is a registered society.
2
The registered provider must notify the regulator if a registered society which is not a registered provider passes a resolution under section 110(1) of the Co-operative and Community Benefit Societies Act 2014 transferring its engagements to the registered provider.
3
The Financial Conduct Authority may register the resolution only if the registered society which passed it has confirmed to the Financial Conduct Authority that the regulator has been notified.