OpenLegislation

Regulation 9 Provisional and final registration of converting body

Original text. Later amendments are not shown.

(1)

— If the Commission grants an application for CIC conversion, it must—

(a)

register the CIO to which the application related in the register;

(b)

notify the Regulator of the registration; and

(c)

send to the registrar a copy of—

(i)

the conversion resolution; and

(ii)

the entry in the register relating to the CIO.

(2)

The registration of the CIO in the register is provisional only until the registrar cancels the registration of the CIC as required by paragraph (3)(b).

(3)

The registrar must—

(a)

register the documents sent under paragraph (1)(c); and

(b)

cancel the registration of the CIC in the register of companies,

and must notify the Regulator and the Commission that this action has been taken.

(4)

Subject to paragraph (5), the entry relating to the CIO’s registration in the register must include—

(a)

a note that it is constituted as a CIO;

(b)

the date on which it became so constituted; and

(c)

a note of the name of the CIC which was converted into the CIO.

(5)

The matters mentioned in paragraph (4)(a) and (b) are to be included only when the registrar has notified the Commission as required by paragraph (3).

(6)

The Commission must send a copy of the entry in the register to the CIO at its principal office.