{
  "url": "https://openlegislation.uk/co-operative-and-community-benefit-societies-and-credit-unions-arrangements-reconstructions-and-administration-order-2014/article-9",
  "json_url": "https://openlegislation.uk/co-operative-and-community-benefit-societies-and-credit-unions-arrangements-reconstructions-and-administration-order-2014/article-9.json",
  "legislation": "uksi/2014/229",
  "legislation_title": "The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014",
  "legislation_url": "https://openlegislation.uk/co-operative-and-community-benefit-societies-and-credit-unions-arrangements-reconstructions-and-administration-order-2014",
  "path": "article/9",
  "kind": "article",
  "number": "9",
  "heading": "Application of sections 362 and 362A of FSMA",
  "text": "(1) Section 362 of FSMA (powers of FCA and PRA to participate in proceedings) and section 362A (administrator appointed by company or directors) apply in relation to a relevant society which—\n(a) is or has been an authorised person; or\n(b) is carrying on or has carried on a regulated activity in contravention of the general prohibition.\n(2) For that purpose—\n(a) in section 362—\n(i) in subsection (1) the words from “which” to the end are to be ignored;\n(ii) in subsection (1A) the words “of a kind described in subsection (1)(a) to (c)” are to be ignored;\n(iii) a reference to a company is a reference to a relevant society of the kind described in paragraph (1); and\n(b) in section 362A—\n(i) in subsection (1) the words “of a kind described in section 362(1)(a) to (c)” are to be ignored;\n(ii) a reference to a company is a reference to a relevant society of the kind described in paragraph (1).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Section 362 was amended by the Enterprise Act 2002, Schedule 17, paragraphs 53 and 57, by the Financial Services Act 2012, Schedule 14, paragraphs 1 and 8, and by S.I. 2008/948. There are other amendments not relevant to this Order."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Section 362A was inserted by the Enterprise Act 2002, Schedule 17, paragraphs 53 and 58; and was amended by the Financial Services Act 2012, Schedule 14, paragraphs 1 and 9."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/229/article/9",
    "retrieved_at": "2026-10-29T00:27:46.913611+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}