{
  "url": "https://openlegislation.uk/building-societies-act-1986/schedule-15A/paragraph-10",
  "json_url": "https://openlegislation.uk/building-societies-act-1986/schedule-15A/paragraph-10.json",
  "legislation": "ukpga/1986/53",
  "legislation_title": "Building Societies Act 1986",
  "legislation_url": "https://openlegislation.uk/building-societies-act-1986",
  "path": "schedule/15A/paragraph/10",
  "kind": "paragraph",
  "number": "10",
  "heading": null,
  "text": "(1) Section 8 of the Act (power of court to make administration order) has effect as if it included provision that, where—\n(a) an application for an administration order to be made in relation to a building society is made by the FCA or the PRA (with or without other parties); and\n(b) the society has defaulted in an obligation to pay any sum due and payable in respect of any deposit or share,\nthe society shall be deemed for the purposes of subsection (1) to be unable to pay its debts.\n(2) In subsection (3) of that section, paragraph (c) and, in subsection (4) of that section, the words from “nor where” to the end are omitted.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 15A inserted (1.12.1997) by 1997 c. 32, s. 39(2), Sch. 6; S.I. 1997/2668, art. 2, Sch. Pt. I(i)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 15A para. 10 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 8 para. 58(5) (with Sch. 12)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1986/53/schedule/15A/paragraph/10",
    "retrieved_at": "2026-10-29T09:54:49.368285+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}