SCHEDULES
SCHEDULE 1 Registered social landlords: regulation
Part II Constitution, change of rules, amalgamation and dissolution
F2Management etc
15HF1Amalgamation
1
This paragraph applies if as a result of an inquiry under paragraph 20 or an audit under paragraph 22, the Welsh Ministers are satisfied F6that a registered social landlord which is a registered society has failed to comply with a requirement imposed by or under an enactment.
F72
But this paragraph does not apply if the failure relates only to the registered social landlord's provision of housing in England.
3
The Welsh Ministers may make and execute on behalf of the society an instrument providing for the amalgamation of the society with F4another registered society.
4
An instrument providing for the amalgamation of a society (“S1”) with another has the same effect as a special resolution by S1 under F5section 109 of the Co-operative and Community Benefit Societies Act 2014 (amalgamation of societies by special resolution).
5
A copy of an instrument must be sent to and registered by the F3Financial Conduct Authority.
6
An instrument does not take effect until the copy is registered.
7
The copy must be sent for registration during the period of 14 days beginning with the date of execution, but a copy registered after that period is valid.
8
Any body created by virtue of an amalgamation must be registered as a social landlord by the Welsh Ministers, and pending registration is to be treated as registered.
Sch. 1 para. 15B and cross-heading inserted (18.10.2011 for specified purposes, 2.12.2011 in so far as not already in force) by Housing (Wales) Measure 2011 (nawm 5), ss. 72, 90(2); S.I. 2011/2475, arts. 1(2), 2(o), 3(h)