C1Part 2Regulation of Social Housing
Chapter 4Registered providers
Restructuring and dissolution
I1163F3Registered society: restructuring
1
This section applies to a non-profit registered provider which is F2a registered society.
2
The F1Financial Conduct Authority may register a resolution passed by the society for the purposes of restructuring provisions listed in subsection (3) only if—
a
the regulator has consented to the resolution, and
b
a copy of the consent accompanies the resolution as sent to the Authority.
F43
The following provisions of the Co-operative and Community Benefit Societies Act 2014 are the restructuring provisions—
a
section 109 (amalgamation of societies);
b
section 110 (transfer of engagements between societies);
c
section 112 (conversion of society into a company etc).
4
Where a resolution is registered in accordance with subsection (2), any body created or to whom engagements are transferred—
a
must be registered by the regulator and designated as a non-profit organisation, and
b
pending registration shall be treated as registered and designated as a non-profit organisation.
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 911141517)