Paragraph 8 The Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006

(1)

The Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006^f1 are amended as follows.

(2)

In regulation 2(2) (interpretation) for the definition of “Registrar” substitute—

““the Registrar” means the Financial Conduct Authority;”.

(3)

In the following provisions for “he” substitute “the Registrar”—

(a)

in regulation 9 (enforcement notification), paragraph (1);

(b)

in regulation 10 (restitution), paragraph (3);

(c)

in regulation 11 (removal of officers), paragraph (2);

(d)

in regulation 12 (warning notice), paragraph (1); and

(e)

in regulation 13 (decision notice), paragraph (1).

(4)

In regulations 10(3) and 11(2) for “him” substitute “it”.

(5)

In Schedule 2 (application of the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 with modifications), in paragraph 2(a), which modifies section 15(1)(c) of the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969, in the sub-paragraph which is treated as inserted in that section for “on proof to the his” substitute “it is proved to the Registrar’s”.

Annotations

Footnotes

f1: S.I. 2006/258.