Paragraph 9 The European Cooperative Society Regulations 2006

(1)

The European Cooperative Society Regulations 2006^f1 are amended as follows.

(2)

In regulation 3 (competent authorities)—

(a)

for paragraph (1) substitute—

“(1)
The Financial Conduct Authority is designated pursuant to Article 78(2) as the competent authority for the purposes of Articles 7, 21, 29, 30, 54 and 73 in relation to an SCE or cooperative which has (or in the case of an SCE proposes to have) its registered office in the United Kingdom.”; and

(b)

in paragraph (2) for the words from “body” to the end substitute “Financial Conduct Authority”.

(3)

In regulation 8 (register of SCEs)—

(a)

in paragraph (1) for “Great Britain” substitute “the United Kingdom”;

(b)

omit paragraph (2); and

(c)

in paragraph (3) for the words from “registers” to “are” substitute “register established under paragraph (1) is”.

(4)

In regulation 13 (branches)—

(a)

in paragraph (1)—

(i)

after “Financial Conduct Authority” insert “(“the registrar”)”; and

(ii)

for “Great Britain” substitute “the United Kingdom”;

(b)

omit paragraph (2); and

(c)

in paragraph (3)—

(i)

after “send” insert “to the registrar”; and

(ii)

omit the comma at the end of sub-paragraph (c) and the words from “to the person” to the end.

Annotations

Footnotes

f1: S.I. 2006/2078, as amended by 2013/496. There is one other amendment, but it is not relevant.