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38(1)Section 22E of the Company Directors Disqualification Act 1986 (application of Act to registered societies) is amended as follows.
(2)For subsection (1) substitute—
“(1)In this section “registered society” has the same meaning as in the Co-operative and Community Benefit Societies Act 2014 (“the 2014 Act”).”
(3)In subsection (3) for “the 1965 Act: see section 74(1) of that Act” substitute “the 2014 Act: see section 149 of that Act”.
(4)In subsection (4)—
(a)in paragraph (a) for “the 1965 Act” substitute “the 2014 Act”;
(b)in paragraph (c)(i) for “section 47 or 49(1) of the 1965 Act” substitute “section 105 or 106 of the 2014 Act”.
(5)For subsection (6) substitute—
“(6)The legislation relating to registered societies” means the Credit Unions Act 1979 and the Co-operative and Community Benefit Societies Act 2014.”
(6)For the heading substitute “Application of Act to registered societies”.
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