PART 3Amendment of the Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014

Amendment of Article 1110

In Article 11, after paragraph (5) insert—

6

Part 3 of Schedule 4 (moratoriums in Great Britain: temporary provision) to the Corporate Insolvency and Governance Act 2020 apply where—

a

it is intended to make, and there is made, a proposal to a relevant CCBS and its creditors for a moratorium under Part A1 of the 1986 Act (as applied in relation to a relevant CCBS); and

b

either—

i

the courts in England and Wales have jurisdiction to wind up the society; or

ii

a sheriff court in Scotland has jurisdiction to wind up the society.