Article 2(b)

SCHEDULE 3Amendments of the Industrial and Provident Societies Act 1967

1.  The Industrial and Provident Societies Act 1967(1) is amended as follows.

2.—(1) In the provisions listed in paragraph (2)—

(a)for “Authority” substitute “FCA”; and

(b)for “Authority’s” substitute “FCA’s”.

(2) The provisions are—

(a)section 1(2) (charges on assets of English and Welsh societies);

(b)section 3(3) (application to registered societies in Scotland of provisions relating to floating charges);

(c)section 4(4) (filing of information relating to charges); and

(d)section 5(5) (supplemental provisions).

3.  In section 1(2)(b), for “paragraph 17 of Schedule 1” substitute “paragraph 20 of Schedule 1ZA”.

4.  In section 4, for “paragraph 17 of Schedule 1”, in each place, substitute “paragraph 20 of Schedule 1ZA”.

5.  In section 7(6) (interpretation, etc general), for ““the Authority”” substitute ““the FCA””.

(1)

1967 c.48. Section 2 of the Co-operative and Community Benefit Societies and Credit Unions Act 2010 renames the Industrial and Provident Societies Act 1967 as the Co-operative and Community Benefit Societies and Credit Unions Act 1967, but this section has not yet been brought into force.

(2)

Section 1 was amended by S.I. 1996/1738, S.I. 2001/2617 and S.I. 2001/3649.

(3)

Section 3 was amended by S.I. 2001/2617 and S.I. 2009/1941.

(4)

Section 4 was amended by the Companies Consolidation (Consequential Provisions) Act 1985, S.I. 1996/1738, S.I. 2001/2617 and S.I. 2001/3649. There are other amending instruments, but none is relevant.

(5)

Section 5 was amended by the Companies Consolidation (Consequential Provisions) Act 1985, S.I. 2001/2617 and S.I. 2001/3649.

(6)

Section 7 was amended by S.I. 2001/2617. There are other amending instruments, but none is relevant.