The Insolvency of Registered Providers of Social Housing Regulations 2018

General modifications of the applicable provisions

This section has no associated Explanatory Memorandum

3.  Those paragraphs also have effect as if—

(a)a reference to the articles of a company were a reference to the rules of a registered society;

(b)a reference to a company included a reference to a registered society;

(c)a reference to a company’s creditors did not include a reference to a member of a registered society to whom an amount is owed by the society if, but only insofar as, the amount concerned is owed in respect of the member’s shares,

(d)a reference to the directors of a company were a reference to the members of the committee of a registered society,

(e)a reference to a member of a company were a reference to a person whose name is entered as a member in the register kept by a registered society in accordance with section 30(1) of the Co-operative and Community Benefit Societies Act 2014(1),

(f)a reference to an officer of a company were a reference to an officer of a registered society, and

(g)a reference to the registrar of companies is a reference to the Financial Conduct Authority in its capacity as the authority responsible for the registration of a registered society under the Co-operative and Community Benefit Societies Act 2014.