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Section 16 Amendment of rules

(1)

Any amendment of a registered society's rules is not valid until the amendment is registered under this Act.

(2)

A registered society must give the FCA 2 copies of any amendment to its rules, signed by the society's secretary and—

(a)

where both or all of its members are registered societies, by the secretaries of 2 of those registered societies;

(b)

otherwise, by 3 of its members.

(3)

Subsections (1) and (2) do not apply to a change in a society's registered office or name, but—

(a)

the FCA must be given notice of any change of registered office, and

(b)

where such notice is given, or where a registered society's name is changed (see section 13), the FCA must register the change of registered office or name as an amendment of the society's rules.

C1(4)

If the FCA is satisfied that an amendment of a society's rules is not contrary to the provisions of this Act, it must—

(a)

register the amendment, and

(b)

give the society an acknowledgment of registration bearing the FCA's seal.

Annotations

Modifications

C1

S. 16(4) modified by 1979 c. 34, s. 4(3) (as substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 5(2) (with Sch. 5))