# The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014, Article 7: Application of section 359 of FSMA


(1) Section 359 of FSMA (administration order) applies in relation to a relevant society which—
(a) is or has been an authorised person; or
(b) is carrying on or has carried on a regulated activity in contravention of the general prohibition.
(2) For that purpose—
(a) in subsection (1) the words from “which” to the end are to be ignored; and
(b) except in the definition of “company” in subsection (4), a reference to a company is a reference to a relevant society of the kind described in paragraph (1).

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Source: https://www.legislation.gov.uk/uksi/2014/229/article/7 (the official version)
Page: https://openlegislation.uk/co-operative-and-community-benefit-societies-and-credit-unions-arrangements-reconstructions-and-administration-order-2014/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.