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Insolvency Act 2000

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14(1)Schedule 15A to the [1986 c. 53.] Building Societies Act 1986 (application of companies insolvency legislation to building societies) is amended as follows.

(2)In paragraph 1(2)(a), after “Parts I” there is inserted “(except section 1A)”.

(3)At the end of paragraph 8 there is inserted—

and subsection (1) of section 2 shall have effect with the omission of the words from “and the directors” to the end.

8AIn subsection (2) of section 4A of the Act (approval of arrangement) as applied to a building society, paragraph (b) and the word “or” immediately preceding that paragraph are omitted.

(4)After paragraph 9 there is inserted—

9AIn section 7A of the Act (prosecution of delinquent officers) as applied to a building society—

(a)in subsection (2), for paragraphs (i) and (ii) there is substituted “the Commission”,

(b)subsections (3) to (7) are omitted,

(c)in subsection (8), for “Secretary of State” there is substituted “Commission”.

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