Source: http://www.legislation.gov.uk/ukpga/1986/53/schedule/15A
Timestamp: 2016-05-31 11:08:25
Document Index: 256084679

Matched Legal Cases: ['art. 11', 'art. 11', 'art. 4', 'art. 2', 'art. 3', 'art. 3', 'art. 4', 'art. 4', 'art. 5', 'art. 2', 'art. 3', 'art. 4', 'art. 3', 'art. 3', 'art. 4', 'art. 6', 'art. 6', 'art. 5', 'art. 6', 'art. 5', 'art. 7', 'art. 7', 'art. 7', 'art. 4', 'art. 5', 'art. 2', 'art. 6', 'art. 4', 'art. 4', 'art. 4', 'art. 4', 'art. 4', 'art. 4', 'art. 4', 'art. 4', 'art. 4', 'art. 4', 'art. 4', 'art. 4', 'art. 10', 'art. 8', 'art. 10', 'art. 12', 'art. 13', 'art. 13', 'art. 14', 'art. 15', 'art. 16', 'art. 16', 'art. 17', 'art. 17', 'art. 17', 'art. 17', 'art. 18', 'art. 19', 'art. 19', 'art. 30', 'art. 2', 'art. 3', 'art. 2', 'art. 3', 'art. 20', 'art. 20', 'art. 21', 'art. 21', 'art. 4', 'art. 4', 'art. 22', 'art. 22', 'art. 23', 'art. 23', 'art. 24', 'art. 6', 'art. 6', 'art. 32', 'art. 32', 'art. 33', 'art. 33', 'art. 33', 'art. 33', 'art. 34', 'art. 34', 'art. 34', 'art. 34', 'art. 11', 'art. 26', 'art. 25', 'art. 26', 'art. 26', 'art. 3', 'art. 28', 'art. 28', 'art. 27', 'art. 27', 'art. 28', 'art. 28', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 3', 'art. 2', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 13', 'art. 2', 'art. 13', 'art. 23', 'art. 13', 'art. 24', 'art. 13', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 13', 'art. 2', 'art. 13', 'art. 211', 'art. 13', 'art. 212', 'art. 13', 'art. 216', 'art. 13', 'art. 2', 'art. 13', 'art. 2', 'art. 13', 'art. 222', 'art. 13', 'art. 224', 'art. 13', 'art. 2', 'art. 13', 'art. 2', 'art. 13', 'art. 2', 'art. 226', 'art. 13', 'art. 233', 'art. 13', 'art. 234', 'art. 13', 'art. 238', 'art. 13', 'art. 2', 'art. 13', 'art. 2', 'art. 13', 'art. 244', 'art. 13', 'art. 246', 'art. 13', 'art. 2', 'art. 13', 'art. 2', 'art. 13', 'art. 2', 'art. 248']

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SCHEDULE 15ATable of ContentsContentMore ResourcesPrevious: ScheduleNext: SchedulePlain ViewPrint OptionsWhat VersionLatest available (Revised)Original (As enacted)Advanced FeaturesShow Geographical Extent(e.g. England, Wales, Scotland, Northern Ireland)Show Timeline of ChangesOpening OptionsOpen whole ActOpen Act without schedulesOpen Schedules onlyMore ResourcesOriginal Print PDFView moreStatus:This version of this schedule contains provisions that are prospective.StatusThe term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section. A version of a provision is prospective either:where the provision (Part, Chapter or section) has never come into force or;where the text of the provision is subject to change, but no date has yet been appointed by the appropriate person or body for those changes to come into force.Commencement Orders listed in the ‘Changes to Legislation’ box as not yet applied may bring this prospective version into force.Changes to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to Building Societies Act 1986. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationRevised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.Changes and effects yet to be applied to :Changes and effectsThis section lists the changes and effects yet to be applied to the specific provision you are viewing.Sch. 15A applied (with modifications) by S.I. 2008/1427 art. 11Sch. 15A applied (with modifications) by S.I. 2010/1188 art. 11Changes and effects yet to be applied to the whole Act associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Act power to amend conferred by S.I. 2005/1455 (N.I.) art. 4(b)Act power to amend conferred by 2009 c. 1 s. 158(2)(a)Act power to amend conferred by 2012 c. 21 s. 50(2)(h)Act power to amend conferred by 2013 c. 33 s. 7(2)(a)Act power to modify conferred by 2008 c. 2 s. 11Act power to modify conferred by 2009 c. 1 s. 251Whole provisions yet to be inserted into this Act (including any effects on those provisions):s. 1(1A) inserted by S.I. 2013/496 Sch. 8 para. 3(3)s. 1(1A)(b) words substituted by 2013 c. 33 Sch. 9 para. 4(3)(a)s. 5(11)-(14) inserted by 2007 c. 26 s. 1(2)s. 5(13)(a) substituted by S.I. 2013/496 Sch. 8 para. 4(4)s. 6(16) inserted by S.I. 2004/3380 Sch. para. 2(4)s. 7(3)(aa) inserted by 2013 c. 33 Sch. 9 para. 2(2)s. 7(3A) inserted by 2013 c. 33 Sch. 9 para. 2(3)s. 7(6A)-(6C) inserted by 2007 c. 26 s. 1(1)(a)s. 7(6ZA) inserted by 2013 c. 33 Sch. 9 para. 2(4)s. 7(8A) inserted by 2007 c. 26 s. 1(1)(c)s. 9B(1A) inserted by 2012 c. 21 s. 55(3)s. 9B(3) inserted by 2012 c. 21 s. 55(4)s. 36(17) inserted by S.I. 2013/496 Sch. 8 para. 10(5)s. 36A(5E) inserted by S.I. 2013/496 Sch. 8 para. 11(3)s. 36A(9A)(9B) inserted by S.I. 2013/496 Sch. 8 para. 11(5)s. 42B(1)(aa) inserted by 2012 c. 21 s. 56(2)(a)s. 42B(1A) inserted by 2012 c. 21 s. 56(3)s. 42B(5A) inserted by S.I. 2013/496 Sch. 8 para. 13(5)s. 42C(1A) inserted by S.I. 2013/496 Sch. 8 para. 14(3)s. 53A(1)(b)(i)(ia) substituted for s. 53A(1)(b)(i) by S.I. 2013/496 Sch. 8 para. 18(2)s. 56(1A)(1B) inserted by S.I. 2013/496 Sch. 8 para. 21(3)s. 60(7A)-(7C) inserted by S.I. 2003/404 art. 2s. 60(7B)(c) words omitted by 2013 c. 33 Sch. 9 para. 10s. 61(7A)-(7E) inserted by S.I. 2003/404 art. 3(2)s. 61(7D)(c) words omitted by 2013 c. 33 Sch. 9 para. 10s. 61(7E)(a) words omitted by S.I. 2011/593 art. 3(1)s. 68(5)(5A) substituted for s. 68(5) by S.I. 2013/496 Sch. 8 para. 25s. 68(6A)(6B) inserted by S.I. 2003/404 art. 4(2)s. 68(6B)(c) words omitted by 2013 c. 33 Sch. 9 para. 10s. 68(11A) inserted by S.I. 2003/404 art. 4(3)s. 69(14)(14A) substituted for s. 69(14) by S.I. 2013/496 Sch. 8 para. 26(3)s. 69(15A)(15B) inserted by S.I. 2003/404 art. 5s. 69(15B)(c) words omitted by 2013 c. 33 Sch. 9 para. 10s. 72A-72I substituted for s. 72 73 by S.I. 2004/3380 art. 2s. 72J 72K inserted by S.I. 2004/3380 Sch. para. 5s. 72L inserted by S.I. 2008/1519 art. 3s. 72M inserted by S.I. 2008/1519 art. 4(1)s. 75(1)(a)(aa) substituted for s. 75(1)(a) by S.I. 2004/3380 art. 3(2)s. 75(1B) inserted by S.I. 2004/3380 art. 3(3)s. 75A inserted by S.I. 2004/3380 art. 4s. 76(8B)-(8D) inserted by S.I. 2003/404 art. 6(2)s. 76(8C)(c) words omitted by 2013 c. 33 Sch. 9 para. 10s. 76(8E)(8F) inserted by 2013 c. 33 Sch. 9 para. 6(3)s. 76(8AA) inserted by 2013 c. 33 Sch. 9 para. 6(2)s. 76(9)-(9E) omitted by 2013 c. 33 Sch. 9 para. 6(4)s. 76(9A)-(9E) inserted by S.I. 2003/404 art. 6(3)s. 77 heading words omitted by S.I. 2008/948 Sch. 1 para. 13(2)s. 77 heading words repealed by S.I. 2008/948 Sch. 2s. 77(3) inserted by S.I. 2008/948 Sch. 1 para. 13(4)s. 78(3A)-(4A) substituted for s. 78(4)(5) by S.I. 2004/3380 art. 5(2)s. 78(3A) words substituted by S.I. 2008/1519 Sch. 2 para. 4(d)s. 78(3B) words substituted by S.I. 2008/1519 Sch. 2 para. 4(e)s. 78(4A) words substituted by S.I. 2008/1519 Sch. 2 para. 4(f)(i)s. 78(4A)(b) words substituted by S.I. 2008/1519 Sch. 2 para. 4(f)(ii)s. 78A inserted by S.I. 2004/3380 art. 6s. 78A-78D substituted for s. 78A by S.I. 2008/1519 art. 5s. 78C(1) words omitted by S.I. 2013/496 Sch. 8 para. 28(2)s. 78C(3) word omitted by S.I. 2013/496 Sch. 8 para. 28(3)s. 78D(1) words omitted by S.I. 2013/496 Sch. 8 para. 29(2)s. 78D(2)(b) words substituted by S.I. 2013/496 Sch. 8 para. 29(3)s. 81(3A)(3B) inserted by S.I. 2003/404 art. 7(2)s. 81(3B)(c) words omitted by 2013 c. 33 Sch. 9 para. 11s. 81(5A) inserted by S.I. 2003/404 art. 7(3)s. 81A inserted by S.I. 2004/3380 art. 7s. 81A(1) words substituted by S.I. 2008/1519 Sch. 2 para. 7(a)s. 81A(3)(c) words substituted by S.I. 2008/1519 Sch. 2 para. 7(b)(i)s. 81A(3)(d) words substituted by S.I. 2008/1519 Sch. 2 para. 7(b)(ii)(aa)s. 81A(3)(d)(i) word substituted by S.I. 2008/1519 Sch. 2 para. 7(b)(ii)(bb)s. 81A(3)(d)(i) words substituted by S.I. 2008/1519 Sch. 2 para. 7(b)(ii)(cc)s. 81B inserted by S.I. 2004/3380 Sch. para. 6s. 81B(1) words substituted by S.I. 2007/126 Sch. 6 para. 9s. 88(1A) inserted by S.I. 2009/805 art. 4s. 89(2)(a)(aa) substituted for s. 89(2)(a) by S.I. 2013/496 Sch. 8 para. 33(3)s. 89A inserted by S.I. 2009/805 art. 5s. 89A(2)(a) words substituted by S.I. 2013/496 Sch. 8 para. 34s. 90B inserted by 2007 c. 26 s. 2s. 90C inserted by S.I. 2009/805 art. 2s. 90D 90E inserted by S.I. 2009/805 art. 6s. 90D heading word substituted by S.I. 2013/496 Sch. 8 para. 35(6)s. 90D(5) words inserted by S.I. 2014/3344 art. 4(2)s. 90D(5) words substituted by S.I. 2013/496 Sch. 8 para. 35(2)s. 90D(7)(a) words substituted by S.I. 2014/3344 art. 4(3)(a)s. 90D(7)(b) substituted by S.I. 2014/3344 art. 4(3)(b)s. 90D(7)(b)(i) word substituted by S.I. 2013/496 Sch. 8 para. 35(3)s. 90D(8A) inserted by S.I. 2014/3344 art. 4(4)s. 90D(10) word inserted by S.I. 2013/496 Sch. 8 para. 35(4)(b)s. 90D(10) words inserted by S.I. 2013/496 Sch. 8 para. 35(4)(a)s. 90D(10) words substituted by S.I. 2014/3344 art. 4(5)(a)s. 90D(10)(a) omitted by S.I. 2014/3344 art. 4(5)(b)s. 90D(10)(b) word omitted by S.I. 2014/3344 art. 4(5)(c)s. 90D(10)(d) and word inserted by S.I. 2014/3344 art. 4(5)(d)s. 90D(11) inserted by S.I. 2013/496 Sch. 8 para. 35(5)s. 90D(11) words substituted by S.I. 2014/3344 art. 4(6)(a)s. 90D(11)(a) omitted by S.I. 2014/3344 art. 4(6)(b)s. 90D(11)(c) and word inserted by S.I. 2014/3344 art. 4(6)(c)s. 90D(12) inserted by S.I. 2014/3344 art. 4(7)s. 95(6A)(6B) inserted by S.I. 2013/496 Sch. 8 para. 39(3)s. 98(9)(10) inserted by S.I. 2013/496 Sch. 8 para. 42(6)s. 101(4A) words substituted by S.I. 2013/496 Sch. 8 para. 44(3)s. 103(1)(c) and word inserted by S.I. 2009/805 art. 10s. 109A inserted by S.I. 2003/2867 Sch. para. 14s. 111(1A)-(1C) inserted by S.I. 2013/496 Sch. 8 para. 48(3)s. 115(2A) inserted by S.I. 2003/404 art. 8s. 115A-115C inserted by 2013 c. 33 Sch. 9 para. 9s. 116(1A) inserted by S.I. 2013/496 Sch. 8 para. 51(3)s. 117(1)-(1H) substituted for s. 117(1) by 2013 c. 33 Sch. 9 para. 15(2)s. 117A inserted by 2013 c. 33 Sch. 9 para. 16s. 119A and cross-heading inserted by S.I. 2008/948 Sch. 1 para. 109Sch. para. 5 omitted by S.I. 2008/948 Sch. 1 para. 14(b)Sch. 2 para. 3(5) inserted by S.I. 2003/404 art. 10Sch. 2 para. 13(1A) inserted by S.I. 2003/404 art. 12(3)Sch. 2 para. 20A(1A)(1B) inserted by S.I. 2003/404 art. 13(2)Sch. 2 para. 20A(11A) inserted by S.I. 2003/404 art. 13(3)Sch. 2 para. 22A-22B and cross-heading inserted by S.I. 2003/404 art. 14Sch. 2 para. 24(1A)(1B) inserted by S.I. 2003/404 art. 15Sch. 2 para. 32(2A)-(2D) inserted by S.I. 2003/404 art. 16(2)Sch. 2 para. 32(3A) inserted by S.I. 2003/404 art. 16(3)Sch. 2 para. 33(1A) inserted by S.I. 2003/404 art. 17(3)Sch. 2 para. 33(5A)-(5E) inserted by S.I. 2003/404 art. 17(4)Sch. 2 para. 33(6A)-(6C) inserted by S.I. 2003/404 art. 17(6)Sch. 2 para. 33(7A) inserted by S.I. 2003/404 art. 17(7)Sch. 2 para. 33A and cross-heading inserted by S.I. 2003/404 art. 18Sch. 2 para. 34(2A)-(2C) inserted by S.I. 2003/404 art. 19(2)Sch. 2 para. 34(3A) inserted by S.I. 2003/404 art. 19(3)Sch. 2 para. 23(6)(bb) inserted by S.I. 2003/404 art. 30(7)(c)Sch. 2 para. 31(9) inserted by S.I. 2004/3380 Sch. para. 8(c)Sch. 2 para. 23(5A)-(5C) inserted by S.I. 2013/3115 Sch. 2 para. 35(b)Sch. 2 para. 15(3A) inserted by S.I. 2013/496 Sch. 8 para. 53(8)(c)Sch. 2 para. 30(4A) inserted by S.I. 2013/496 Sch. 8 para. 53(12)Sch. 2 para. 24(1A)-(1D) substituted for Sch. 2 para. 24(1A)(1B) by S.I. 2011/593 art. 2(1)Sch. 2 Pt. 3 para. 32(3A) word inserted by S.I. 2011/593 art. 3(2)(b)Sch. 2 para. 20A(1B)(c) words omitted by 2013 c. 33 Sch. 9 para. 12(2)Sch. 2 para. 22B(2)(c) words omitted by 2013 c. 33 Sch. 9 para. 12(3)Sch. 2 para. 33(5C)(c) words omitted by 2013 c. 33 Sch. 9 para. 12(3)Sch. 2 para. 24(1B)(b) words omitted by 2013 c. 33 Sch. 9 para. 12(4)Sch. 2 para. 32(2D)(c) words omitted by 2013 c. 33 Sch. 9 para. 12(5)Sch. 2 para. 33A(9)(c) words omitted by 2013 c. 33 Sch. 9 para. 12(6)Sch. 2 para. 31(2)(a)(i)(aa) words substituted by S.I. 2004/3380 Sch. para. 8(b)Sch. 2 para. 34(2A) words substituted by S.I. 2011/593 art. 2(2)Sch. 2 Pt. 3 para. 23(6)(bb) words substituted by S.I. 2011/593 art. 3(2)(a)Sch. 8A para. 3(2A)-(2C) inserted by S.I. 2003/404 art. 20(2)Sch. 8A para. 3(3A) inserted by S.I. 2003/404 art. 20(3)Sch. 8A para. 9(2A)-(2C) inserted by S.I. 2003/404 art. 21(2)Sch. 8A para. 9(3A) inserted by S.I. 2003/404 art. 21(3)Sch. 8A para. 3(2ZA) inserted by S.I. 2013/496 Sch. 8 para. 54(3)Sch. 8A para. 9(2ZA) inserted by S.I. 2013/496 Sch. 8 para. 54(4)Sch. 8A para. 3(2B)(c) words omitted by 2013 c. 33 Sch. 9 para. 13Sch. 8A para. 9(2B)(c) words omitted by 2013 c. 33 Sch. 9 para. 13Sch. 10A para. 1A inserted by 2011 c. 19 s. 29(6)Sch. 10A 10B inserted by S.I. 2004/3380 Sch. para. 9Sch. 10A para. 11 omitted by S.I. 2008/1519 art. 4(2)Sch. 10A para. 12 omitted by S.I. 2008/1519 art. 4(2)Sch. 10A para. 1(2) words substituted by 2011 c. 19 s. 29(5)Sch. 10A para. 1(2) words substituted by S.I. 2008/948 Sch. 1 para. 110Sch. 10B para. 3(2)(a) words substituted by S.I. 2008/948 Sch. 1 para. 111(2)Sch. 10B para. 7(3)(a) words substituted by S.I. 2008/948 Sch. 1 para. 111(2)Sch. 10B para. 11(2)(a) words substituted by S.I. 2008/948 Sch. 1 para. 111(2)Sch. 10B para. 15(2)(a) words substituted by S.I. 2008/948 Sch. 1 para. 111(2)Sch. 10B para. 18(2)(a) words substituted by S.I. 2008/948 Sch. 1 para. 111(2)Sch. 10B para. 9(5) words substituted by S.I. 2008/948 Sch. 1 para. 111(3)Sch. 10B para. 9(6)(b) words substituted by S.I. 2008/948 Sch. 1 para. 111(3)Sch. 10C inserted by S.I. 2008/1519 Sch. 1 para. 1Sch. 11 para. 4(9A)-(9C) inserted by S.I. 2003/404 art. 22(2)Sch. 11 para. 4(10A) inserted by S.I. 2003/404 art. 22(3)Sch. 11 para. 7(7A)-(7C) inserted by S.I. 2003/404 art. 23(2)Sch. 11 para. 7(8A) inserted by S.I. 2003/404 art. 23(3)Sch. 11 para. 8(3A)-(3C) inserted by S.I. 2003/404 art. 24Sch. 11 para. 6A inserted by S.I. 2008/1519 art. 6(1)Sch. 11 para. 8A-8C inserted by S.I. 2008/1519 art. 6(2)Sch. 11 para. 6A(2)(b)(c) substituted for para. 6A(2)(b) by S.I. 2013/496 Sch. 8 para. 55(5)Sch. 11 para. 4(9C)(c) words omitted by 2013 c. 33 Sch. 9 para. 14(2)Sch. 11 para. 8(3B)(c) words omitted by 2013 c. 33 Sch. 9 para. 14(4)Sch. 11 para. 7(7C)(c) words substituted by 2013 c. 33 Sch. 9 para. 14(3)Sch. 11 heading words omitted by S.I. 2008/948 Sch. 1 para. 14(a)Sch. 11 heading words repealed by S.I. 2008/948 Sch. 2Sch. 14 para. 6(3) inserted by S.I. 2013/496 Sch. 8 para. 56(5)(b)Sch. 15 para. 1A inserted by S.I. 2014/3486 art. 32(2)Sch. 15 para. 3(2)(ab) inserted by S.I. 2014/3486 art. 32(3)Sch. 15 para. 6A inserted by S.I. 2014/3486 art. 33(2)Sch. 15 para. 7(3A) inserted by S.I. 2014/3486 art. 33(3)Sch. 15 para. 12(3) inserted by S.I. 2014/3486 art. 33(4)Sch. 15 para. 23A inserted by S.I. 2014/3486 art. 33(5)Sch. 15 para. 34A inserted by S.I. 2014/3486 art. 34(2)Sch. 15 para. 35(3A) inserted by S.I. 2014/3486 art. 34(3)Sch. 15 para. 40(3) inserted by S.I. 2014/3486 art. 34(4)Sch. 15 para. 50A inserted by S.I. 2014/3486 art. 34(5)Sch. 15A para. 49C(a) amendment to earlier amending provision by SI 2010/1188 art. 11(9) by S.I. 2013/496 Sch. 11 para. 18(5)(d)Sch. 15A para. 31A(c)(d) words substituted by S.I. 2013/496 Sch. 8 para. 58(9)(b)Sch. 16 para. 6(1) Sch. 16 para. 6 renumbered as para 6(1) by S.I. 2003/404 art. 26(2)Sch. 16 para. 1(2A)-(2C) inserted by S.I. 2003/404 art. 25Sch. 16 para. 4(2A)-(2C) inserted by S.I. 2003/404 art. 26(1)Sch. 16 para. 6(2) inserted by S.I. 2003/404 art. 26(2)Sch. 16 para. 4A inserted by S.I. 2013/496 Sch. 8 para. 59(3)Sch. 16 para. 6(2) words substituted by S.I. 2011/593 art. 3(3)Sch. 17 para. 5C(1) Sch. 17 para. 5C renumbered as para. 5C(1) by S.I. 2003/404 art. 28(2)Sch. 17 para. 5E(1) Sch. 17 para. 5E renumbered as 5E(1) by S.I. 2003/404 art. 28(3)Sch. 17 para. 4(1A)-(1C) inserted by S.I. 2003/404 art. 27(2)Sch. 17 para. 4(2A)-(2C) inserted by S.I. 2003/404 art. 27(3)Sch. 17 para. 5C(2)-(4) inserted by S.I. 2003/404 art. 28(2)Sch. 17 para. 5E(2) inserted by S.I. 2003/404 art. 28(3)Sch. 17 para. 4(4) inserted by S.I. 2013/496 Sch. 8 para. 60(3)Commencement Orders yet to be applied to the Building Societies Act 1986Commencement OrdersThis section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.Commencement Orders bringing legislation that affects this Act into force:S.I. 2003/1725 art. 2(1) commences (2002 c. 9)S.I. 2005/3175 art. 2 3 Sch. 1 2 commences (2004 c. 33)S.I. 2007/1897 art. 2 commences (2005 c. 9)S.I. 2007/2194 art. 2-5 8 Sch. 2 commences (2006 c. 46)S.I. 2007/3495 art. 3-5 8 Sch. 2 3 commences (2006 c. 46)S.I. 2008/1886 art. 2 commences (2006 c. 46)S.I. 2008/2860 art. 3 4 Sch. 1 commences (2006 c. 46)S.I. 2009/36 art. 2 commences (2007 c. 26)S.I. 2009/296 art. 2 3 Sch. commences (2009 c. 1)S.I. 2009/3250 art. 2 commences (2007 c. 29)S.R. 2003/545 art. 2 commences (S.I. 2003/3152 (N.I.))S.R. 2006/21 art. 2 commences (S.I. 2005/1455 (N.I.))S.R. 2006/22 art. 2-7 transitional provisions for effects of commencing SR 2006/21 [F1SCHEDULE 15AE+W+S+N.I. Application of other companies insolvency legislation to building societiesAnnotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F1Sch. 15A inserted (1.12.1997) by 1997 c. 32, s. 39(2), Sch. 6; S.I. 1997/2668, art. 2, Sch. Pt. I(i)Part IE+W+S+N.I. General mode of application1(1)Subject to the provisions of this Schedule, the enactments specified in sub-paragraph (2) below (referred to in this Schedule as “the enactments”) apply in relation to building societies as they apply in relation to companies limited by shares and registered under the M1Companies Act 1985 or (as the case may be) the M2Companies (Northern Ireland) Order 1986.E+W+S+N.I.(2)The enactments referred to in sub-paragraph (1) above are—(a)Parts I [F2(except section 1A)] and II, Chapter I of Part III, Parts VI, VII, XII and XIII, section 434 and Part XVIII of the M3Insolvency Act 1986, or(b)Parts I to IV, VII, XI and XII and Article 378 of the M4Insolvency (Northern Ireland) Order 1989,and, in so far as they relate to offences under any such enactment, sections 430 and 432 of, and Schedule 10 to, the M5Insolvency Act 1986 or Article 2(6) and 373 of, and Schedule 7 to, the M6Insolvency (Northern Ireland) Order 1989.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F2Words in Sch. 15A para. 1(2)(a) inserted (1.1.2003) by 2000 c. 39, s. 2, Sch. 2 Pt. II para. 14(2); S.I. 2002/2711, art. 2 (subject to arts. 3-5)Marginal CitationsM11985 c.6. M2S.I. 1986/1032 (N.I.6). M31986 c.45. M4S.I. 1989/2405 (N.I.19). M51986 c.45. M6S.I. 1989/2405 (N.I.19). 2(1)The enactments shall, in their application to building societies, have effect with the substitution—E+W+S+N.I.[F3(aa)every reference to a company registered in Scotland shall have effect as a reference to a building society whose principal office is situated in Scotland;][F4(aa)every reference to a company registered in Scotland shall have effect as a reference to a building society whose registered office is situated in Scotland;](a)for “company” of “ building society ” ;(b)for “the registrar of companies” or “the registrar” of “ [F5Financial Services Authority] ”;(c)for “the articles” of “ the rules ”; and(d)for “registered office” of “ principal office ”.(2)In the application of the enactments to building societies—(a)every reference to the officers, or to a particular officer, of a company shall have effect as a reference to the officers, or to the corresponding officer, of the building society and as including a person holding himself out as such an officer; and(b)every reference to an administrative receiver shall be omitted.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F3Sch. 15A para. 2(2)(aa) inserted (1.12.2001) by S.I. 2001/3649 arts. 1, 200(2)F4Sch. 15A para. 2(2)(aa) inserted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(b) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2F5Words in Sch. 15A para. 2(1)(b) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 23(1)Where any of the enactments as applied to building societies requires a notice or other document to be sent to the [F6Authority], it shall have effect as if it required the [F6Authority] to keep the notice or document in the public file of the society concerned and to record in that file the date on which the notice or document is placed in it.E+W+S+N.I.(2)Where any of the enactments, as so applied, refers to the registration, or to the date of registration, of such a notice or document, that enactment shall have effect as if it referred to the placing of the notice or document in the public file or (as the case may be) to the date on which it was placed there.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F6Words in Sch. 15A para. 3(1) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(c) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 24(1)Rules may be made under section 411 of the M7Insolvency Act 1986 or, as the case may be, Article 359 of the M8Insolvency (Northern Ireland) Order 1989 for the purpose of giving effect, in relation to building societies, to the provisions of the enactments.E+W+S+N.I.(2)An order made by the competent authority under section 414 of the Insolvency Act 1986 may make provision for fees to be payable under that section in respect of proceedings under the enactments and the performance by the official receiver or the Secretary of State of functions under them.(3)An order made by the Department of Economic Development under Article 361 of the Insolvency (Northern Ireland) Order 1989 may make provision for fees to be payable under that Article in respect of proceedings under the enactments and the performance by the official receiver or that Department of functions under them.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Marginal CitationsM71986 c.45. M8S.I. 1989/2405 (N.I.19). 5Any enactment which specifies a money sum altered by order under section 416 of the Insolvency Act 1986, or, as the case may be, Article 362 of the Insolvency (Northern Ireland) Order 1989, (powers to alter monetary limits) applies with the effect of the alteration.E+W+S+N.I.[F75AIn this Schedule, “scheme manager” has the same meaning as in the Financial Services and Markets Act 2000.]E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F7Sch. 15A para. 5A inserted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(d) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2Part IIE+W+S+N.I. Modified Application of Parts I and II and Chapter I of Part III of Insolvency Act 1986 PreliminaryE+W+S+N.I.6In this Part of this Schedule, the M9Insolvency Act 1986 is referred to as “the Act”.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Marginal CitationsM91986 c.45. Voluntary arrangementsE+W+S+N.I.7Section 1 of the Act (proposals for voluntary arrangements) has effect as if—E+W+S+N.I.(a)it required any proposal under Part I of the Act to be so framed as to enable a building society to comply with the requirements of this Act; and(b)any reference to debts included a reference to liabilities owed to the holders of shares in a building society.8In section 2 (procedure where nominee is not liquidator or administrator) and section 3 (summoning of meetings) of the Act as applied to a building society, any reference to a meeting of the society is a reference to—E+W+S+N.I.(a)a meeting of both shareholding and borrowing members of the society; and(b)a meeting of shareholding members alone.[F8and subsection (1) of section 2 shall have effect with the omission of the words from “and the directors” to the end.]
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F8Words in Sch. 15A para. 8 inserted (1.1.2003) by 2000 c. 39, s. 2, Sch. 2 Pt. II para. 14(3); S.I. 2002/2711, art. 2 (subject to arts. 3-5)[F98AIn subsection (2) of section 4A of the Act (approval of arrangement) as applied to a building society, paragraph (b) and the word “or” immediately preceding that paragraph are omitted.]E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F9Sch. 15A para. 8A inserted (1.1.2003) by 2000 c. 39, s. 2, Sch. 2 Pt. II para. 14(3); S.I. 2002/2711, art. 2 (subject to arts. 3-5)9In section 6 of the Act (challenge of decisions) as applied to a building society, “contributory”—E+W+S+N.I.(a)means every person liable to contribute to the assets of the society in the event of its being wound up, and(b)for the purposes of all proceedings for determining, and all proceedings prior to the determination of, the persons who are to be deemed contributories, includes any person alleged to be a contributory, and(c)includes persons who are liable to pay or contribute to the payment of—(i)any debt or liability of the building society being wound up, or(ii)any sum for the adjustment of rights of members among themselves, or(iii)the expenses of the winding up;but does not include persons liable to contribute by virtue of a declaration by the court under section 213 (imputed responsibility for fraudulent trading) or section 214 (wrongful trading) of the Act.
[F109AIn section 7A of the Act (prosecution of delinquent officers) as applied to a building society—E+W+S+N.I.(a)in subsection (2), for paragraphs (i) and (ii) there is substituted “ the [F11Authority] ”,(b)subsections (3) to (7) are omitted,(c)in subsection (8), for “Secretary of State” there is substituted “ [F11Authority] ”.]Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F10 Sch. 15A para. 9A inserted (1.1.2003) by 2000 c. 39, s. 2, Sch. 2 Pt. II para. 14(4); S.I. 2002/2711, art. 2 (subject to arts. 3-5)F11Words in Sch. 15A para. 9A substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(e) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2 Administration ordersE+W+S+N.I.10(1)Section 8 of the Act (power of court to make administration order) has effect as if it included provision that, where—E+W+S+N.I.(a)an application for an administration order to be made in relation to a building society is made by the [F12Authority] (with or without other parties); and(b)the society has defaulted in an obligation to pay any sum due and payable in respect of any deposit or share,the society shall be deemed for the purposes of subsection (1) to be unable to pay its debts.
(2)In subsection (3) of that section, paragraph (c) and, in subsection (4) of that section, the words from “nor where” to the end are omitted.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F12Words in Sch. 15A para. 10(1)(a) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(e) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 211(1)Subsection (1) of section 9 of the Act (application for administration order) as applied to a building society has effect as if—E+W+S+N.I.(a)it enabled an application to the court for an administration order to be by petition presented, with or without other parties, by the [F13Authority] or by a shareholding member entitled under section 89(3) of this Act to petition for the winding up of the society; and(b)the words from “or by the clerk” to “on companies)” were omitted.(2)In subsection (2)(a) of that section as so applied, the reference to any person who has appointed, or is or may be entitled to appoint, an administrative receiver of the society is a reference to the Commission (unless it is a petitioner).(3)Subsection (3) of that section, and in subsection (4) of that section, the words “Subject to subsection (3),” are omitted.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F13Words in Sch. 15A para. 11 substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(e) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 212In section 10 of the Act (effect of application for administration order), the following are omitted, namely—E+W+S+N.I.(a)in subsection (2), paragraphs (b) and (c); and(b)subsection (3).13In section 11 of the Act (effect of administration order), the following are omitted, namely—E+W+S+N.I.(a)in subsection (1), paragraph (b) and the word “and” immediately preceding that paragraph;(b)in subsection (3), paragraph (b);(c)in subsection (4), the words “an administrative receiver of the company has vacated office under subsection (1)(b), or”; and(d)subsection (5).14In subsection (1) of section 12 of the Act (notification of administration order), the reference to every invoice, order for goods or business letter is a reference to every statement of account, order for goods or services, business letter or advertisement.E+W+S+N.I.15Subsection (3) of section 13 of the Act (appointment of administrator) has effect as if it enabled an application for an order under subsection (2) of that section to be made by the [F14Authority].E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F14Words in Sch. 15A para. 15 substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(e) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 216(1)Subject to sub-paragraph (2) below, section 14 of the Act (general powers of administrator) has effect as if it required the administrator of a building society, in exercising his powers under that section—E+W+S+N.I.(a)to ensure compliance with the provisions of this Act; and(b)not to appoint to be a director any person who is not a fit and proper person to hold that position.(2)Sub-paragraph (1)(a) above does not apply in relation to section 5, 6 or 7 of this Act F15. . ..(3)In subsection (4) of that section as applied to a building society, the reference to any power conferred by the Act or the M10Companies Act 1985 or by the memorandum or articles of association is a reference to any power conferred by this Act or by the society’s memorandum or rules.F16(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F15Words in Sch. 15 para. 16(2) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2F16Sch. 15A para. 16(4) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2Marginal CitationsM101985 c.6. 17(1)Subject to sub-paragraph (3) below, paragraph 16 of Schedule 1 to the Act (powers of administrators) as applied to a building society has effect as if it conferred power to transfer liabilities in respect of deposits with or shares in the society.E+W+S+N.I.(2)No transfer under that paragraph shall be a transfer of engagements for the purposes of Part X of this Act.(3)No transfer under that paragraph which, apart from sub-paragraph (2) above, would be a transfer of engagements for the purposes of that Part shall be made unless it is approved by the court, or by meetings summoned under section 23(1) or 25(2) of the Act (as modified by paragraph 21 or 23 below).18In section 15 of the Act (power to deal with charged property etc.)—E+W+S+N.I.(a)subsection (1) is omitted; and(b)for subsections (3) and (4) there is substituted the following subsection—“(3)Subsection (2) applies to any security other than one which, as created, was a floating charge.”
19(1)Section 17 of the Act (general duties of administrator) has effect as if, instead of the requirement imposed by subsection (3), it required the administrator of a building society to summon a meeting of the society’s creditors if—E+W+S+N.I.(a)he is requested, in accordance with the rules, to do so by 500 of the society’s creditors, or by one-tenth, in number or value, of those creditors, or(b)he is directed to do so by the court.(2)That section also has effect as if it required the administrator of a building society to summon a meeting of the society’s shareholding members if—(a)he is requested, in accordance with the rules, to do so by 500 of the society’s shareholding members, or by one-tenth, in number, of those members, or(b)he is directed to do so by the court.20In subsection (4) of section 19 of the Act (vacation of office) as applied to a building society, the words “in priority to any security to which section 15(1) then applies” are omitted.E+W+S+N.I.21(1)Subsection (1) of section 23 of the Act (statement of proposals) as applied to a building society has effect as if—E+W+S+N.I.(a)the reference to the [F17Authority] included a reference to the [F17scheme manager];(b)the reference to all creditors included a reference to all holders of shares in the society; and(c)the reference to a meeting of the society’s creditors included a reference to a meeting of holders of shares in the society.(2)In subsection (2) of that section as so applied, references to members of the society do not include references to holders of shares in the society.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F17Words in Sch. 15A para. 21(1)(a) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(h)(i)(ii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 222Section 24 of the Act (consideration of proposals by creditors’ meeting) as applied to a building society has effect as if any reference to a meeting of creditors included a reference to a meeting of holders of shares in the society.E+W+S+N.I.23(1)Section 25 of the Act (approval of substantial revisions) as applied to a building society has effect as if—E+W+S+N.I.(a)subsection (2) required the administrator to send a statement in the prescribed form of his proposed revisions to the [F18Authority and to the scheme manager]; and(b)the reference in that subsection to a meeting of creditors included a reference to a meeting of holders of shares in the society.(2)In subsection (3) of that section as so applied, references to members of the society do not include references to holders of shares in the society.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F18Words in Sch. 15A para. 23(1)(a) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(i) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 224Subsection (1) of section 27 of the Act (protection of interests of creditors and members) has effect—E+W+S+N.I.(a)as if it enabled the [F19Authority or the scheme manager] to apply to the court by petition for an order under that section; and(b)in relation to an application by the [F20Authority or the scheme manager], as if the words “(including at least himself)” were omitted.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F19Words in Sch. 15A para. 24(a) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(j) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2F20Words in Sch. 15A para. 24(b) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(k) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2 Receivers and managersE+W+S+N.I.25In section 38 of the Act (receivership accounts), “prescribed” means prescribed by regulations made by statutory instrument by the [F21Treasury].E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F21Word in Sch. 15A para. 25 substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(l) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2Modifications etc. (not altering text)C1Sch. 15A para. 25: Functions of Building Societies Commission transferred (1.12.2001) to the Treasury by S.I. 2001/2617 arts. 2(b), 4(1), Sch. 1 Pt. III; S.I. 2001/2617, art. 226In subsection (1) of section 39 of the Act (notification that receiver or manager appointed), the reference to every invoice, order for goods or business letter is a reference to every statement of account, order for goods or services, business letter or advertisement.E+W+S+N.I.27Section 40 (payment of debts out of assets subject to floating charge) and sections 42 to 49 (administrative receivers) of the Act are omitted.E+W+S+N.I.Part IIIE+W+S+N.I. Modified Application of Parts II, III and IV of Insolvency (Northern Ireland) Order 1989 PreliminaryE+W+S+N.I.28In this Part of this Schedule, the M11Insolvency (Northern Ireland) Order 1989 is referred to as “the Order”.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Marginal CitationsM11S.I. 1989/2405 (N.I.19). Voluntary arrangementsE+W+S+N.I.29Article 14 of the Order (proposals for voluntary arrangements) has effect as if—E+W+S+N.I.(a)it required any proposal under Part II of the Order to be so framed as to enable a building society to comply with the requirements of this Act; and(b)any reference to debts included a reference to liabilities owed to the holders of shares in a building society.30In Article 15 (procedure where nominee is not liquidator or administrator) and Article 16 (summoning of meetings) of the Order as applied to a building society, any reference to meetings of the society is a reference to—E+W+S+N.I.(a)a meeting of both shareholding and borrowing members of the society; and(b)a meeting of shareholding members alone.Prospective[F2230AIn paragraph (2) of Article 17A of the Order (approval of arrangement) as applied to a building society, sub-paragraph (b) and the word “or” immediately preceding that sub-paragraph are omitted.]E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F22Sch. 15A para. 30A inserted (prosp.) by S.I. 2002/3152, arts. 1(2)(3), 4, Sch. 2 para. 14(3)31In Article 19 of the Order (challenge of decisions) as applied to a building society, “contributory”—E+W+S+N.I.(a)means every person liable to contribute to the assets of the society in the event of its being wound up, and(b)for the purposes of all proceedings for determining, and all proceedings prior to the determination of, the persons who are to be deemed contributories, includes any person alleged to be a contributory, and(c)includes persons who are liable to pay or contribute to the payment of—(i)any debt or liability of the building society being wound up, or(ii)any sum for the adjustment of rights of members among themselves, or(iii)the expenses of the winding up;but does not include persons liable to contribute by virtue of a declaration by the High Court under Article 177 (imputed responsibility for fraudulent trading) or Article 178 (wrongful trading) of the Order.
Prospective[F2331A In Article 20A of the Order (prosecution of delinquent officers) as applied to a building society—E+W+S+N.I.(a)in paragraph (2) for the words “the Department”, in each place where they occur, there are substituted the words “ the Financial Services Authority ”,(b)paragraphs (3) to (7) are omitted,(c)in paragraph (8)—(i)after the words “Northern Ireland” there are inserted the words “ or the Financial Services Authority ”, and(ii)after the words “Northern Ireland” and the words “the Director”, in the second place where they occur, there are inserted the words “ or the Financial Services Authority ”,(d)in paragraph (9) after the words “for Northern Ireland” there are inserted the words “ or the Financial Services Authority ”.]Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F23Sch. 15A para. 31A inserted (prosp.) by S.I. 2002/3152, arts. 1(2)(3), 4, Sch. 2 para. 14(4) Administration ordersE+W+S+N.I.32(1)Article 21 of the Order (power of High Court to make administration order) has effect as if it included provision that, where—E+W+S+N.I.(a)an application for an administration order to be made in relation to a building society is made by the [F24Authority] (with or without other parties); and(b)the society has defaulted in an obligation to pay any sum due and payable in respect of any deposit or share,the society shall be deemed for the purposes of paragraph (1) to be unable to pay its debts.
(2)In paragraph (3) of that Article, sub-paragraph (c) and, in paragraph (4) of that Article, the words from “nor where” to the end are omitted.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F24Words in Sch. 15A para. 32(1)(a) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(m) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 233(1)Paragraph (1) of Article 22 of the Order (application for administration order) as applied to a building society has effect as if—E+W+S+N.I.(a)it enabled an application to the High Court for an administration order to be by petition presented, with or without other parties, by the [F25Authority]or by a shareholding member entitled under section 89(3) of this Act to petition for the winding up of the society; and(b)the words from “or by the chief clerk” to “on companies)”, in the second place where they occur, were omitted.(2)In paragraph (2)(a) of that Article as so applied, the reference to any person who has appointed, or is or may be entitled to appoint, an administrative receiver of the society is a reference to the Commission (unless it is a petitioner).(3)Paragraph (3) of that Article, and in paragraph (4) of that Article, the words “Subject to paragraph (3),” are omitted.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F25Words in Sch. 15A para. 33(1)(a) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 200(m) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 234In Article 23 of the Order (effect of application for administration order), the following are omitted, namely—E+W+S+N.I.(a)in paragraph (2), sub-paragraphs (b) and (c); and(b)paragraph (3).35In Article 24 of the Order (effect of administration order), the following are omitted, namely—E+W+S+N.I.(a)in paragraph (1), sub-paragraph (b) and the word “and” immediately preceding that sub-paragraph;(b)in paragraph (3), sub-paragraph (b);(c)in paragraph (4), the words “an administrative receiver of the company has vacated office under paragraph (1)(b), or”; and(d)paragraph (5).36In paragraph (1) of Article 25 of the Order (notification of administration order), the reference to every invoice, order for goods or business letter is a reference to every statement of account, order for goods or services, business letter or advertisement.E+W+S+N.I.37Paragraph (3) of Article 26 of the Order (appointment of administrator) has effect as if it enabled an application for an order under paragraph (2) of that Article to be made by the [F26Authority].E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F26Words in Sch. 15A para. 37 substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(m) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 238(1)Subject to sub-paragraph (2) below, Article 27 of the Order (general powers of administrator) has effect as if it required the administrator of a building society, in exercising his powers under that Article—E+W+S+N.I.(a)to ensure compliance with the provisions of this Act; and(b)not to appoint to be a director any person who is not a fit and proper person to hold that position.(2)Sub-paragraph (1)(a) above does not apply in relation to section 5, 6 or 7 of this Act F27. . ..(3)In paragraph (4) of that Article as applied to a building society, the reference to any power conferred by the Order or the M12Companies (Northern Ireland) Order 1986 or by the memorandum or articles of association is a reference to any power conferred by this Act or by the society’s memorandum or rules.F28(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F27Words in Sch. 15A para. 38(2) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2F28Sch. 15A para. 38(4) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(b), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2Marginal CitationsM12S.I. 1986/1032 (N.I.6). 39(1)Subject to sub-paragraph (3) below, paragraph 17 of Schedule 1 to the Order (powers of administrators) as applied to a building society has effect as if it conferred power to transfer liabilities in respect of deposits with or shares in the society.E+W+S+N.I.(2)No transfer under that paragraph shall be a transfer of engagements for the purposes of Part X of this Act.(3)No transfer under that paragraph which, apart from sub-paragraph (2) above, would be a transfer of engagements for the purposes of that Part shall be made unless it is approved by the High Court, or by meetings summoned under Article 35(1) or 37(2) of the Order (as modified by paragraph 43 or 45 below).40In Article 28 of the Order (power to deal with charged property etc.)—E+W+S+N.I.(a)paragraph (1) is omitted; and(b)for paragraphs (3) and (4) there is substituted the following paragraph—“(3)Paragraph (2) applies to any security other than one which, as created, was a floating charge.”
41(1)Article 29 of the Order (general duties of administrator) has effect as if, instead of the requirement imposed by paragraph (3), it required the administrator of a building society to summon a meeting of the society’s creditors if—E+W+S+N.I.(a)he is requested, in accordance with the rules, to do so by 500 of the society’s creditors, or by one-tenth, in number or value, of those creditors, or(b)he is directed to do so by the High Court.(2)That Article also has effect as if it required the administrator of a building society to summon a meeting of the society’s shareholding members if—(a)he is requested, in accordance with the rules, to do so by 500 of the society’s shareholding members, or by one-tenth, in number, of those members, or(b)he is directed to do so by the High Court.42In paragraph (4) of Article 31 of the Order (vacation of office) as applied to a building society, the words “in priority to any security to which Article 28(1) then applies” are omitted.E+W+S+N.I.43(1)Paragraph (1) of Article 35 of the Order (statement of proposals) as applied to a building society has effect as if—E+W+S+N.I.(a)the reference to the [F29Authority] included a reference to the [F29scheme manager];(b)the reference to all creditors included a reference to all holders of shares in the society; and(c)the reference to a meeting of the society’s creditors included a reference to a meeting of holders of shares in the society.(2)In paragraph (2) of that Article as so applied, references to members of the society do not include references to holders of shares in the society.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F29Words in Sch. 15A para. 43(1)(a) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(p)(i)(ii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 244Article 36 of the Order (consideration of proposals by creditors’ meeting) as applied to a building society has effect as if any reference to a meeting of creditors included a reference to a meeting of holders of shares in the society.E+W+S+N.I.45(1)Article 37 of the Order (approval of substantial revisions) as applied to a building society has effect as if—E+W+S+N.I.(a)paragraph (2) required the administrator to send a statement in the prescribed form of his proposed revisions to the [F30Authority and to the scheme manager]; and(b)the reference in that paragraph to a meeting of creditors included a reference to a meeting of holders of shares in the society.(2)In paragraph (3) of that Article as so applied, references to members of the society do not include references to holders of shares in the society.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F30Words in Sch. 15A para. 45(1)(a) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(q) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 246Paragraph (1) of Article 39 of the Order (protection of interests of creditors and members) has effect—E+W+S+N.I.(a)as if it enabled the [F31Authority or the scheme manager] to apply to the High Court by petition for an order under that section; and(b)in relation to an application by the [F32Authority or the scheme manager], as if the words “(including at least himself)” were omitted.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F31Words in Sch. 15A para. 46(a) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(r) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2F32Words in Sch. 15A para. 46(b) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(s) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2 Receivers and managersE+W+S+N.I.47In Article 48 of the Order (receivership accounts), “prescribed” means prescribed by regulations made by statutory instrument by the [F33Treasury].E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F33Word in Sch. 15A para. 47 substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 210(t) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2Modifications etc. (not altering text)C2Sch. 15A para. 47: Functions of Building Societies Commission transferred (1.12.2001) to the Treasury by S.I. 2001/2617 arts. 2(b), 4(1), Sch. 1 Pt. III; S.I. 2001/3538, art. 248In paragraph (1) of Article 49 of the Order (notification that receiver or manager appointed), the reference to every invoice, order for goods or business letter is a reference to every statement of account, order for goods or services, business letter or advertisement.E+W+S+N.I.49Article 50 (payment of debts out of assets subject to floating charge) and Articles 52 to 59 (administrative receivers) of the Order are omitted.]E+W+S+N.I.Previous: ScheduleNext: ScheduleBack to topOptions/HelpPrint OptionsPrint The Whole ActPDF The Whole ActWeb page The Whole ActPrint This Schedule onlyPDF This Schedule onlyWeb page This Schedule onlyYou have chosen to open The Whole ActThe Whole Act you have selected contains over 200 provisions and might take some time to download. 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