SCHEDULES

SCHEDULE 15U.K. Application of Companies Winding Up Legislation to Building Societies

[F1Part IIIU.K. Modified application of Insolvency (Northern Ireland) Order 1989

Textual Amendments

F1Sch. 15 paras. 34-55E substituted (N.I.) (1.10.1991) for Sch. 15 paras. 34-55 by S.I. 1989/2405 (N.I. 19), arts. 2(1), 381, Sch. 9 Pt. II para. 45(c); S.R. 1991/411, art. 2

Parts V and XIU.K.

Penal provisionsU.K.

55BU.K.Articles 180 and 181 (restriction on re-use of name) do not apply.

55C(1)Articles 182 and 183 (prosecution of delinquent officers) do not apply in relation to offences committed by members of a building society acting in that capacity.U.K.

(2)Article 182(4) and paragraphs (1) and (2) of Article 183 do not apply.

(3)The references in paragraphs (3) and (5) of Article 183 to the Department shall have effect as references to the Commission; and the reference in paragraph (3) to Article 182 shall have effect as a reference to that Article as supplemented by paragraph 55D below.

55D(1)Where a report is made to the prosecuting authority (within the meaning of Article 182) under Article 182(3), in relation to an officer of a building society, he may, if he thinks fit, refer the matter to the Commission for further enquiry.U.K.

(2)On such a reference to it the Commission shall exercise its power under section 55(1) of this Act to appoint one or more investigators to investigate and report on the matter.

(3)An answer given by a person to a question put to him in exercise of the powers conferred by section 55 on a person so appointed may be used in evidence against the person giving it.]