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The Mutual Societies (Transfers) Order 2009
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- ISBN 978-0-11-147292-7
- PART 2
- Article 9
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This is a draft item of legislation item. This draft has since been made as a UK Statutory Instrument: The Mutual Societies (Transfers) Order 2009 No. 509
Confirmation of the transfer
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9.—(1) Section 98 of the 1986 Act (transfers of business: supplementary provisions)(1) applies in relation to a relevant transfer with the following modifications.
(2) In subsection (3)(d), for “this Act” substitute “an applicable enactment”.
(3) In subsection (4), for “this Act” substitute “an applicable enactment”.
(4) In subsection (7), for “this Act” substitute “an applicable enactment”.
(5) For subsection (8), substitute—
“(8) In this section—
“applicable enactment” means the applicable provisions of this Act (as modified by the 2009 Order), section 4 of the 2007 Act and article 7 of the 2009 Order; and
“relevant requirement”, with reference to an applicable enactment or the rules of a society, means a requirement of an applicable enactment or of any rules prescribing the procedure to be followed by the society in approving the transfer and its terms.”.
(1)
Section 98 was amended by the Building Societies Act 1997, section 30, by S.I. 2001/2617 and by S.I. 2001/3649.
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