# The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014, Article 1: Citation, commencement and interpretation

Extent: E+W+S+N.I.

(1) This Order may be cited as the Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014, and comes into force on 6th April 2014.
(2) In this Order—
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“the 1986 Act” means the Insolvency Act 1986 (see also paragraph (5));
“the 2006 Act” means the Companies Act 2006 ;
“the 2014 Act” means the Co-operative and Community Benefit Societies Act 2014;
“the 2015 Act” means the Small Business, Enterprise and Employment Act 2015;
“authorised person” has the meaning given in section 31(2) of FSMA;
“authorised deposit taker” has the meaning given in section 359(4) of FSMA ;
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“deposit” has the meaning given by article 5 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ;
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“FSMA” means the Financial Services and Markets Act 2000 ;
“member”, in relation to a relevant society, means a person whose name is entered as a member in the register kept by the society in accordance with section 30(1) of the 2014 Act;
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“relevant CCBS” means a co-operative society or community benefit society, that is registered under the 2014 Act but not a society that is—
(a)registered as a social landlord under Part 1 of the Housing Act 1996 or Part 2 of the Housing (Scotland) Act 2010; or
(b)a credit union within the meaning of section 31(1) of the Credit Unions Act 1979;
“relevant person” has the meaning given in section 213(9)(a) of FSMA ; and
“relevant society” means a registered society which is not—
(a)a private registered provider of social housing; or
(b)registered as a social landlord under Part 1 of the Housing Act 1996 or under Part 2 of the Housing (Scotland) Act 2010 .
(3) The definition of “authorised deposit taker” is to be construed in accordance with—
(a) section 22 of, and Schedule 2 to, FSMA ; and
(b) any relevant order under section 22 .
(4) For the purposes of this Order a relevant society is “in administration” while the appointment of an administrator of the society under Schedule B1 to the 1986 Act has effect.
(5) In this Order a reference to the 1986 Act is to the 1986 Act without the amendments made by section 1 of, and Schedules 1 to 3 to, the Corporate Insolvency and Governance Act 2020.

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Source: https://www.legislation.gov.uk/uksi/2014/229/article/1 (the official version)
Page: https://openlegislation.uk/co-operative-and-community-benefit-societies-and-credit-unions-arrangements-reconstructions-and-administration-order-2014/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.