SCHEDULES

C3C2C1F2SCHEDULE 15A Application of other companies insolvency legislation to building societies

Annotations:
Amendments (Textual)
F2

Sch. 15A inserted (1.12.1997) by 1997 c. 32, s. 39(2), Sch. 6; S.I. 1997/2668, art. 2, Sch. Pt. I(i)

Modifications etc. (not altering text)
C3

Sch. 15A amendment to earlier affecting provision SI 2010/1188 art. 11 (with application in accordance with art. 1(4) of the amending S.I.) by The Building Societies (Floating Charges and Other Provisions) Order 2016 (S.I. 2016/679), art. 1(1)(2), 5(3)

Part II Modified Application of F4Parts I to IIIF5, 6, 7, 12 and 13 of Insolvency Act 1986

Annotations:
Amendments (Textual)
F4

Words in Sch. 15A Pt. II heading substituted (with application in accordance with art. 1(4) of the amending S.I.) by The Building Societies (Floating Charges and Other Provisions) Order 2016 (S.I. 2016/679), arts. 1(1), 4(3)(a)

Administration orders

23

1

Section 25 of the Act (approval of substantial revisions) as applied to a building society has effect as if—

a

subsection (2) required the administrator to send a statement in the prescribed form of his proposed revisions to the F1F3FCA, to the PRA and to the scheme manager; and

b

the reference in that subsection to a meeting of creditors included a reference to a meeting of holders of shares in the society.

2

In subsection (3) of that section as so applied, references to members of the society do not include references to holders of shares in the society.