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The Industrial and Provident Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014
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- UK Statutory Instruments
- 2014 No. 229
- Article 10
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Application of provisions of FSMA: general provisionU.K.
This section has no associated Explanatory Memorandum
10.—(1) In the application in relation to a relevant society of any of the provisions applied by articles 5 to 9, except sections 359(4) and 362(1B)—
(a)a reference to a provision of the 1986 Act is a reference to that provision as applied in relation to a relevant society; and
(b)a reference to Schedule B1 to the Insolvency (Northern Ireland) Order 1989 M1 is to be ignored.
(2) In articles 5 to 9—
(a)a reference to a provision of the 1986 Act is a reference to that provision as applied in relation to a relevant society;
(b)“general prohibition” has the meaning given in section 19(2) of FSMA; and
(c)“regulated activity” has the meaning given in section 22 of FSMA M2.
Marginal Citations
M1S.I. 1989/2405 (N.I. 19). Schedule B1 was inserted by S.I. 2005/1455 (N.I. 10) and amended by S.R. 2006/370. There are other amendments not relevant to this Order.
M2Section 22 was amended by section 7(1) of the Financial Services Act 2012.
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