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The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014
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PART 1U.K.General modifications
1.— [F1(1)] Unless the context otherwise requires and subject to any further modification in this Schedule, in Parts 1 and 2 of the 1986 Act—U.K.
(a)a reference to a provision of that Act or to Part 26 of the 2006 Act is a reference to that provision or that Part as applied in relation to a relevant society;
(b)an expression defined in that Act (but not an expression modified by this paragraph) has the meaning given in the Act with the modification that a reference to a company includes a reference to a relevant society;
(c)a reference to a company includes a reference to a relevant society;
(d)a reference to a company registered in England and Wales includes a reference to a relevant society whose registered office is situated in England and Wales;
(e)a reference to a company registered in Scotland includes a reference to a relevant society whose registered office is situated in Scotland;
(f)a reference to a company's creditors does not include a reference to a member of a relevant society to whom an amount is owed by the society if, but only in so far as, the amount concerned is owed in respect of the member's shares;
(g)a reference to the directors of a company is a reference to the members of the committee of a relevant society;
(h)a reference to a meeting of a company or of the members of a company is a reference to a general meeting of a relevant society and, in relation to a society whose rules allow the members to appoint delegates for meetings of the society or its members, includes a reference to a general meeting for which delegates have been appointed;
(i)a reference to a member of a company is a reference to a person whose name is entered as a member in the register kept by a relevant society in accordance with [F2section 30(1) of the 2014 Act] (register of members and officers);
(j)a reference to an officer of a company is a reference to an officer of a relevant society; and
(k)a reference to the registrar of companies is a reference to the FCA in its capacity as the authority responsible for the registration of a relevant society under [F3the 2014 Act].
[F4(2) Unless the context otherwise requires and subject to any further modification in this Schedule, in Part A1 of the 1986 Act, subparagraph (1) of this paragraph applies as if “relevant CCBS” was substituted for “relevant society” in each place it appears.]
Textual Amendments
F1Sch. 1 para. 1(1): Sch. 1 para. 1 renumbered as Sch. 1 para. 1(1) (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, 11(a)
F2Words in Sch. 1 para. 1(i) substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) (Amendment) Order 2014 (S.I. 2014/1822), arts. 1(2), 5(a)(i)
F3Words in Sch. 1 para. 1(k) substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) (Amendment) Order 2014 (S.I. 2014/1822), arts. 1(2), 5(a)(ii)
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