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The Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006
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- Northern Ireland Statutory Rules
- 2006 No. 258
- PART IV
- Regulation 13
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Decision noticeN.I.
13.—(1) If the Registrar decides to exercise a power conferred by regulation 9, 10 or 11, [F1the Registrar] must give a decision notice to the society and any officer in relation to whom the power is exercised.
(2) A decision notice must—
(a)be in writing;
(b)give reasons for the decision to exercise the power concerned;
(c)set out the terms of, as the case may be, the enforcement notification, requirement for payment or direction for removal of an officer; and
(d)indicate that there is a right of appeal to the High Court and that any appeal must be brought within 28 days.
(3) Subject to regulation 14(4), a society which is subject to an enforcement notification or a direction for removal must comply with it.
Textual Amendments
F1Words in reg. 13(1) substituted (6.4.2018 immediately after 2016 c. 16 (N.I.), s. 8(2) comes into force) by The Financial Services Act 2012 (Mutual Societies) Order 2018 (S.I. 2018/323), art. 1, Sch. 4 para. 8(3)(e) (with art. 3)
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