98Voluntary winding up of societyS
A resolution for the voluntary winding up of the society under the Insolvency Act 1986 (c.45) is valid only if—
(a)the Regulator consents to the resolution before it is passed, and
(b)a copy of the consent accompanies the copy resolution sent to the [F1Financial Conduct Authority] for the purposes of section 30 of the Companies Act 2006 (c.46) (as applied by virtue of section 55 of the Co-operative and Community Benefit Societies and Credit Unions Act 1965 (c.12) and section 84(3) of the Insolvency Act 1986 (c.45)).
Textual Amendments
F1Words in s. 98 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 11 para. 10(3)(4)(h) (with Sch. 12)
Commencement Information
I1S. 98 in force at 1.4.2012 by S.S.I. 2012/39, art. 2, Sch. 1 (with Sch. 2)