# The Banks and Building Societies (Depositor Preference and Priorities) Order 2014, Article 32: General mode of application of the companies winding up legislation


(1) Part 1 of Schedule 15 to the Building Societies Act 1986 (general mode of application) is amended as follows.
(2) After paragraph 1 insert—
“1A. In this Schedule—
“deposit” means rights of the kind described in—
(a) paragraph 22 of Schedule 2 to the Financial Services and Markets Act 2000 (deposits); or
(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
“relevant deposit” means—
(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
(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.”.
(3) In paragraph 3(2), after paragraph (aa) insert—
“(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;”.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123676/article/32 (the official version)
Page: https://openlegislation.uk/draft-banks-and-building-societies-depositor-preference-and-priorities-order-2014/article-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.