http://www.legislation.gov.uk/nisr/2020/211/madeThe Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Relevant Period for Meetings of Registered Societies and Credit Unions) Regulations (Northern Ireland) 2020enGovernment Printer for Northern Ireland2021-07-08CREDIT UNIONS AND CO-OPERATIVE AND COMMUNITY BENEFIT SOCIETIESThese Regulations amend the Corporate Insolvency and Governance Act 2020 (“the Act”) to extend the temporary arrangements for holding certain meetings of credit unions, co-operatives and community benefit societies.Statutory Rules of Northern Ireland2020 No. 211Credit Unions And Co-operative And Community Benefit SocietiesThe Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Relevant Period for Meetings of Registered Societies and Credit Unions) Regulations (Northern Ireland) 2020Approved by resolution of the Assembly on 3rd November 2020Made28th September 2020Laid before the Assembly on29th September 2020Coming into operation1st October 2020

The Department for the Economy, being the appropriate national authority

The Department for the Economy is the appropriate national authority by virtue of paragraph 2(4)(c) of Schedule 14 to the Corporate Insolvency and Governance Act 2020.

, makes the following Regulations in exercise of the powers conferred by paragraph 2(2)(b) of Schedule 14 to the Corporate Insolvency and Governance Act 2020

2020 c. 12

.

Citation and commencement1.

These Regulations may be cited as the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Relevant Period for Meetings of Registered Societies and Credit Unions) Regulations (Northern Ireland) 2020 and come into operation on 1st October 2020.

Amendment of the Corporate Insolvency and Governance Act 20202.(1)

Schedule 14 to the Corporate Insolvency and Governance Act 2020 (meetings of companies and other bodies) is amended as follows.

(2)

In paragraph 2(1)(b), in relation to a registered society within the meaning of the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969

1969 c. 24 (N.I.)

and a credit union within the meaning of the Credit Unions (Northern Ireland) Order 1985

S.I. 1985/1205 (N.I. 12)

, for ‘‘30 September 2020’’ substitute ‘‘30 December 2020’’.

Sealed with the Official Seal of the Department for the Economy on 28th September 2020.

Colin JackA senior official of the Department for the Economy
EXPLANATORY NOTE(This note is not part of the Order)

These Regulations amend the Corporate Insolvency and Governance Act 2020 (“the Act”) to extend the temporary arrangements for holding certain meetings of credit unions, co-operatives and community benefit societies.

The Act contains provisions which make temporary modifications to aspects of corporate insolvency and governance law to mitigate the effects of coronavirus. The Act provides for the relevant period during which the temporary arrangements for holding certain meetings to end on 30 September 2020.

Regulation 2 amends paragraph 2(1)(b) of Schedule 14 to the Act so that the relevant period during which the temporary arrangements for holding certain meetings is extended to end on 30 December 2020.

A full impact assessment has not been produced for this rule as no, or no significant impact upon the private, voluntary or public sector is foreseen. An Explanatory Memorandum has been published alongside this instrument at www.legislation.gov.uk.

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The Department for the Economy, being the appropriate national authority
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In paragraph 2(1)(b), in relation to a registered society within the meaning of the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969
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, for ‘‘30 September 2020’’ substitute ‘‘30 December 2020’’.
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