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

1.  In this Schedule— U.K.

• “applied provisions”—

  (a)

  in Part 2, means the Parts of the Insolvency Rules 1986 which are applied by article 11(1) and (3);

  (b)

  in Part 3, means the Parts of the Insolvency (Scotland) Rules 1986 which are applied by article 11(2) and (4);

  (c)

  F1 ...

• “member-depositor”, in relation to a relevant society, means any member of the society to whom an amount is owed in respect of the member's shares where—

  (a)

  the society is an authorised deposit taker; and

  (b)

  the amount concerned is owed in respect of a deposit;

• [F2 “Part A1” means Part A1 of the 1986 Act as applied in relation to a relevant society;]

• “Schedule B1” means Schedule B1 to the 1986 Act as applied in relation to a relevant society; and

• “the scheme manager” means the body corporate established by the Financial Services Authority under section 212 of FSMA (the manager of the Financial Services Compensation Scheme) as originally enacted M1 .

Textual Amendments

F1 Words in Sch. 4 para. 1 omitted (30.9.2021) by virtue of The Co-operative and Community Benefit Societies (Administration) (Amendment) Order 2021 (S.I. 2021/1048), arts. 1(1), 2(5)(a)

F2 Words in Sch. 4 para. 1 substituted (18.7.2020) by The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) (Amendment) and Consequential Amendments Order 2020 (S.I. 2020/744), arts. 1, 13(b)

Marginal Citations

M1 Section 212 was amended by the Financial Services Act 2012, Schedule 10, paragraphs 1 and 2.