SCHEDULE 1Modified application of Parts 2 and 3 of the Banking Act 2009 to building societies

PART 2Modified application of Part 2 of the 2009 Act

Termination of process, &c.14

In section 113 of the 2009 Act (voluntary arrangement)—

a

in subsection (1), at the end insert “as applied in relation to building societies by section 90A of, and Schedule 15A to, the Building Societies Act 1986”;

b

in subsection (2), ignore paragraph (b)(v);

c

in subsection (6) at the end insert “and with the modifications made by Schedule 15A to the Building Societies Act 1986”.