The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) (Amendment) Order 2014

Schedule 4 (modified application of insolvency rules in relation to relevant societies)

7.  In Schedule 4—

(a) in paragraph 2(a) for “the 1965 Act” substitute “the 2014 Act”;

(b) in paragraph 9(a)—

(i) for “issued an acknowledgement under section 1(3) of the 1967 Act” substitute “gave an acknowledgement under section 59(4) of the 2014 Act”;

(ii) for “section 1(2)” substitute “section 59(3)”;

(c) in paragraph 19(b), in the sub-paragraph substituted for sub-paragraph (a) of Rule 2.49(5A) of the Insolvency Rules 1986(1) for “section 74(1) of the Industrial and Provident Societies Act 1965” substitute “article 1(2) of the Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014”;

(d) in paragraph 41(a) for “issued under section 4(3) of the 1967 Act” substitute “given under section 63(4) of the 2014 Act”; and

(e) in paragraph 51—

(i) in sub-paragraph (b), in the provisions substituted for paragraph (2) of Rule 2.41 of the Insolvency (Scotland) Rules 1986(2) (“the Rules”) in paragraph (2A)(b) for “section 255 of the Enterprise Act 2002(3)” substitute “section 118 of the Co-operative and Community Benefit Societies Act 2014”;

(ii) in sub-paragraph (d), in paragraph (6) added to Rule 2.41 of the Rules, in the definition of “relevant society” for “section 74(1) of the Industrial and Provident Societies Act 1965” substitute “article 1(2) of the Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014”.

(1)

S.I. 1986/1925 as amended by S.I. 2003/1730 and 2010/686. There are other amendments not relevant to this Order.

(2)

S.I. 1986/1915 as amended by S.I. 2003/2111, 2006/734, 2008/662 and 2010/688. There are other amendments not relevant to this Order.

(3)

2002 c.40. Section 255(1)(a) was repealed by the 2014 Act, section 151(4) and Schedule 7.