2. Section 15(1) (cancellation of registration of society) shall apply to a prescribed community benefit society that has a restriction on use as if—N.I.
(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)”.
Textual Amendments
F1Words in Sch. 2 para. 2(a) 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(5) (with art. 3)
Commencement Information
I1Sch. 2 para. 2 in operation at 31.7.2006, see reg. 1
Section 15 was amended by S.I. 1984/703 (N.I. 3) and S.I. 1997/2984 (N.I. 22)