Part 5 Charges over a society’s assets

CHAPTER 1 Charges: England and Wales

60 Section 59: power to extend time for making application or to rectify errors

(1) This section applies where—

(a) a registered society has executed an instrument to which section 59 applies, and

(b) it appears to the FCA (on the application of the society or any other person claiming the benefit of the instrument) that by reason of inadvertence or other sufficient cause—

(i) an application for recording the charge was not made within the period mentioned in section 59(3), or

(ii) any matters were omitted from, or mis-stated in, such an application.

(2) The FCA may, on such terms as it considers appropriate, give a direction—

(a) extending the period for making such an application, or

(b) requiring the omission or mis-statement to be rectified.