{
  "url": "https://openlegislation.uk/draft-banks-and-building-societies-depositor-preference-and-priorities-order-2014/article-32",
  "json_url": "https://openlegislation.uk/draft-banks-and-building-societies-depositor-preference-and-priorities-order-2014/article-32.json",
  "legislation": "ukdsi/2014/9780111123676",
  "legislation_title": "The Banks and Building Societies (Depositor Preference and Priorities) Order 2014",
  "legislation_url": "https://openlegislation.uk/draft-banks-and-building-societies-depositor-preference-and-priorities-order-2014",
  "path": "article/32",
  "kind": "article",
  "number": "32",
  "heading": "General mode of application of the companies winding up legislation",
  "text": "(1) Part 1 of Schedule 15 to the Building Societies Act 1986 (general mode of application) is amended as follows.\n(2) After paragraph 1 insert—\n“1A. In this Schedule—\n“deposit” means rights of the kind described in—\n(a) paragraph 22 of Schedule 2 to the Financial Services and Markets Act 2000 (deposits); or\n(b) section 1(2)(b) of the Dormant Bank and Building Society Accounts Act 2008 (balances transferred under that Act to authorised reclaim fund); and\n“relevant deposit” means—\n(a) an “eligible deposit” within the meaning given by paragraph 15C(1) of Schedule 6 to the Insolvency Act 1986 (categories of preferential debts) or a deposit of the kind mentioned in paragraph 15BB of that Schedule; or\n(b) an “eligible deposit” within the meaning given by paragraph 21(1) of Schedule 4 to the Insolvency (Northern Ireland) Order 1989 (categories of preferential debts) or a deposit of the kind mentioned in paragraph 20 of that Schedule.”.\n(3) In paragraph 3(2), after paragraph (aa) insert—\n“(ab) a reference to the debts of a company includes a reference to sums due to shareholding members of a building society in respect of deposits;”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1986 c. 53."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Paragraph 15BB is inserted into Schedule 6 to the Act by article 11 of this Order."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Paragraph 20 is inserted into Schedule 4 to the 1989 Order by article 23 of this Order."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123676/article/32",
    "retrieved_at": "2026-10-30T15:11:37.090531+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."
}