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The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014

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6.  Section 901 (obligations of company with respect to articles etc.) has effect as if after subsection (1) there were inserted—U.K.

(1A) Where, in the case of a relevant society, the compromise or arrangement includes provision for amending the society's rules, the order may be made only if the Financial Conduct Authority has issued a statement to the effect that it would register an amendment in the terms proposed if copies were [F1given to it for registration in accordance with section 16 of the Co-operative and Community Benefit Societies Act 2014].

(1B) Subsection (1A) does not apply if the intended effect of the compromise or arrangement is that the society will cease to be registered under that Act..

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