A resolution for the voluntary winding up of the society under the Insolvency Act 1986 (c.45) is valid only if—

(a)the Regulator consents to the resolution before it is passed, and

(b)a copy of the consent accompanies the copy resolution sent to the Financial Services Authority for the purposes of section 30 of the Companies Act 2006 (c.46) (as applied by virtue of section 55 of the Co-operative and Community Benefit Societies and Credit Unions Act 1965 (c.12) and section 84(3) of the Insolvency Act 1986 (c.45)).