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Co-operative and Community Benefit Societies Act 2014

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142Northern Ireland societies [F1to be treated as registered societies] E+W+S

(1)This section applies to a Northern Ireland society (“the Northern Ireland society”) if—

[F2(a)the society notifies the FCA that it wishes to be treated as a registered society, and

(b)the FCA places the notice on a file which it keeps in respect of the society.]

(2)For the purposes of the operation of this Act in Great Britain and the Channel Islands (“the relevant area”)—

(a)references in the provisions specified in subsection (3) to a registered society include the Northern Ireland society (but see subsection (5)), and

(b)for the purposes of those provisions—

(i)the Northern Ireland society,

[F3(ii)the society’s rules, registered under the relevant Northern Ireland law, and

(iii)any amendment to the rules registered under that law,]

are in the relevant area treated as a society, rules and amendments duly registered under this Act by the FCA.

(3)The provisions are—

(a)sections 2(2)(b)(ii), 3(1)(a)(ii) and (3) to (6), 5(3)(b), 11(1) to (4), 13(3), 15, 16(2)(a), 18, 19, 20, 24(2)(a), 26, 27(2)(b), 28, 30(9), 33, 35, 36, 41, 42, 50, 53 to 56, 58, 67, 69, 71 to 74, 108 to 111, 114(3) to (5), 127(1), 128, 130 to 132, 137 to 140, 143 and 146;

(b)paragraph 3 of Schedule 3.

(4)In the application of section 108 (general restriction on inspection of books) by virtue of this section, the reference to this Act is to be read as the relevant Northern Ireland law.

(5)This section does not confer any power, or impose any obligation or liability, with respect to the doing (or not doing) of anything outside the relevant area.

(6)In this section—

  • Northern Ireland society” means a society registered under the relevant Northern Ireland law;

  • the relevant Northern Ireland law” means the law for the time being in force in Northern Ireland for purposes corresponding to the purposes of this Act.

(7)Nothing in Article 22 of the Government of Ireland (Companies, Societies, &c.) Order 1922 (SR & O 1922/184) applies—

(a)in relation to a Northern Ireland society, or

(b)in relation to this Act.

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Amendments (Textual)

F1Words in s. 142 heading substituted (6.4.2018 immediately after 2016 c. 16 (N.I.), s. 8(2) comes into force) by The Financial Services Act 2012 (Mutual Societies) Order 2018 (S.I. 2018/323), art. 1, Sch. 4 para. 2(2)(a) (with art. 3)

F2S. 142(1)(a)(b) substituted (6.4.2018 immediately after 2016 c. 16 (N.I.), s. 8(2) comes into force) by The Financial Services Act 2012 (Mutual Societies) Order 2018 (S.I. 2018/323), art. 1, Sch. 4 para. 2(2)(b) (with art. 3)

F3S. 142(2)(b)(ii)(iii) substituted (6.4.2018 immediately after 2016 c. 16 (N.I.), s. 8(2) comes into force) by The Financial Services Act 2012 (Mutual Societies) Order 2018 (S.I. 2018/323), art. 1, Sch. 4 para. 2(2)(c) (with art. 3)

Modifications etc. (not altering text)

C1S. 142 excluded (N.I.) by 1979 c. 34, s. 32(1) (as amended (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 17(2) (with Sch. 5))

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