Co-operative and Community Benefit Societies Act 2014

149 Interpretation of Act

In this Act, except where the context otherwise requires—

• “the 1965 Act” has the meaning given by section 1;

• “amendment”, in relation to a registered society’s rules, includes a new rule and a resolution rescinding a rule;

• “annual return” has the same meaning as in section 89;

• “the appropriate authority” means—

  (a)

  in relation to a society that is a PRA-authorised person, the PRA;

  (b)

  in relation to any other society, the FCA;

• “charitable registered society” means a registered society that is a charity;

• “charity” (except in section 10)—

  (a)

  has the meaning given by section 1(1) of the Charities Act 2011 (as modified, in the case of a society whose registered office is in Scotland, by section 7(2) of that Act);

  (b)

  but in relation to a society whose registered office is in any of the Channel Islands, it means a society established for charitable purposes only (“charitable purposes” having the meaning given by the law of that Island);

  and similar expressions are to be read accordingly;

• “committee”, in relation to a society, means the society’s management committee or other directing body;

• “the Companies Acts” means—

  (a)

  the Companies Acts as defined in section 2(1) of the Companies Act 2006, or

  (b)

  any law for corresponding purposes in force in any of the Channel Islands,

  and includes corresponding earlier Acts or laws;

• “credit union” means a registered society that is registered as a credit union;

• “electronic address” means any number or address used for the purposes of sending or receiving documents or information by electronic means;

• “electronic copy”, “electronic form” and “electronic means” have the same meaning as in section 148;

• “enactment” (except in section 136 and Schedule 5) includes—

  (a)

  an enactment contained in subordinate legislation within the meaning of the Interpretation Act 1978,

  (b)

  an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament, and

  (c)

  an enactment contained in, or in an instrument made under, a Measure or Act of the National Assembly for Wales;

• “the FCA” means the Financial Conduct Authority;

• “the Financial Ombudsman scheme” means the scheme established under Part 16 of the Financial Services and Markets Act 2000;

• “Gazette”, in relation to a registered society, means such one or more of the following as apply—

  (a)

  the London Gazette, if the society’s registered office is in England, Wales or the Channel Islands or it carries on business there;

  (b)

  the Edinburgh Gazette, if the society’s registered office is in Scotland or it carries on business there;

  (c)

  the Belfast Gazette, if the society’s rules are recorded in Northern Ireland;

• “heritable security” has the same meaning as in the Conveyancing (Scotland) Act 1924 except that it includes a security constituted by ex facie absolute disposition or assignation;

• “meeting”, in relation to a society, includes (where the society’s rules allow it) a meeting of delegates appointed by members;

• “officer”, in relation to a registered society—

  (a)

  includes any treasurer, secretary, member of the committee, manager or employee of the society (except an employee appointed by the society’s committee), but

  (b)

  does not include an auditor appointed by the society in accordance with the requirements of Part 7;

• “persons claiming through a member” includes the heirs, executors or administrators and assignees of a member and (where nomination is allowed) the person’s nominee;

• “the PRA” means the Prudential Regulation Authority;

• “PRA-authorised person” has the meaning given by section 2B of the Financial Services and Markets Act 2000;

• “pre-commencement society” has the meaning given by section 150;

• “registered”, in relation to a society’s name or office, means the name or office for the time being registered under this Act in respect of the society;

• “registered rules”, in relation to a registered society, means the rules registered under this Act, as amended by any amendment of the rules that has been so registered;

• “registered society” has the meaning given by section 1;

• the FCA’s “seal” means the seal provided for in regulations made under section 109(1)(b) of the Friendly Societies Act 1974 (and any reference to a document sealed by the FCA is to be read accordingly).