SCHEDULE 2APPLICATION OF THE 1969 ACT WITH MODIFICATIONS

2.

Section 159 (cancellation of registration of society) shall apply to a prescribed community benefit society that has a restriction on use as if—

(a)

at the end of subsection (1)(c), there were inserted—

“; or

(iv)

F1it is proved to the Registrar’s satisfaction that the society has contravened regulation 3 of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006”; and

(b)

in subsection (4), after “subsection (1)(c)(ii)” there were inserted “or (iv)”.