# The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014, Article 5: Application of section 215 of FSMA


(1) Section 215 of FSMA (rights of the compensation scheme in insolvency) applies in relation to a relevant society—
(a) which is a relevant person; and
(b) in relation to which an administration application is made, an administrator is appointed or a copy of notice of intention to appoint an administrator is filed with the court under Schedule B1 to the 1986 Act.
(2) For that purpose in subsection (3) the reference to a company includes a reference to a relevant society.

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Source: https://www.legislation.gov.uk/uksi/2014/229/article/5 (the official version)
Page: https://openlegislation.uk/co-operative-and-community-benefit-societies-and-credit-unions-arrangements-reconstructions-and-administration-order-2014/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.