The Building Societies (Insolvency and Special Administration) Order 2009 No. 805

SCHEDULE 1 Modified application of Parts 2 and 3 of the Banking Act 2009 to building societies

PART 3 Modified application of Part 3 of the 2009 Act

Termination

33.  In section 154 of the 2009 Act (winding-up or voluntary arrangement)—

(a) in subsection (2), in paragraph (a), the reference to paragraph 84 of Schedule B1 to the Insolvency Act 1986 has effect as a reference to paragraph 30 of this Schedule;

(b) in that subsection, in paragraph (b), at the end insert “as applied in relation to building societies by section 90A of, and Schedule 15A to, the Building Societies Act 1986”;

(c) in subsection (3), at the end insert “and with the modifications made by Schedule 15A to the Building Societies Act 1986”.