SCHEDULES

C3C2C1F1SCHEDULE 15A Application of other companies insolvency legislation to building societies

Annotations:
Amendments (Textual)
F1

Sch. 15A inserted (1.12.1997) by 1997 c. 32, s. 39(2), Sch. 6; S.I. 1997/2668, art. 2, Sch. Pt. I(i)

Modifications etc. (not altering text)
C3

Sch. 15A amendment to earlier affecting provision SI 2010/1188 art. 11 (with application in accordance with art. 1(4) of the amending S.I.) by The Building Societies (Floating Charges and Other Provisions) Order 2016 (S.I. 2016/679), art. 1(1)(2), 5(3)

Part II Modified Application of F3Parts I to IIIF4, 6, 7, 12 and 13 of Insolvency Act 1986

Annotations:
Amendments (Textual)
F3

Words in Sch. 15A Pt. II heading substituted (with application in accordance with art. 1(4) of the amending S.I.) by The Building Societies (Floating Charges and Other Provisions) Order 2016 (S.I. 2016/679), arts. 1(1), 4(3)(a)

Administration orders

11

1

Subsection (1) of section 9 of the Act (application for administration order) as applied to a building society has effect as if—

a

it enabled an application to the court for an administration order to be by petition presented, with or without other parties, by the F2FCA or the PRA 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.