{
  "url": "https://openlegislation.uk/financial-services-banking-reform-act-2013-commencement-no-8-and-consequential-provisions-order-2015/article-5",
  "json_url": "https://openlegislation.uk/financial-services-banking-reform-act-2013-commencement-no-8-and-consequential-provisions-order-2015/article-5.json",
  "legislation": "uksi/2015/428",
  "legislation_title": "The Financial Services (Banking Reform) Act 2013 (Commencement (No. 8) and Consequential Provisions) Order 2015",
  "legislation_url": "https://openlegislation.uk/financial-services-banking-reform-act-2013-commencement-no-8-and-consequential-provisions-order-2015",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": "Floating charges (Scotland): application of the Bankruptcy and Diligence etc. (Scotland) Act 2007",
  "text": "(1) On the day on which section 46 (repeals, savings and transitional arrangements) of the Bankruptcy and Diligence etc. (Scotland) Act 2007 (“the 2007 Act”) comes into force—\n(a) article 4 of, and Schedule 1 to, this Order cease to have effect to the same extent as Chapters 1 and 3 of Part 18 of the Companies Act 1985 cease to have effect by virtue of section 46 of the 2007 Act; and\n(b) paragraph (2) has effect.\n(2) Part 2 of the 2007 Act applies to a building society as it applies to an incorporated company, but—\n(a) with the modifications set out in Schedule 2; and\n(b) in consequence of those modifications, without the modifications in regulation 5 of the Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010 (registration of charges: Scotland).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 5 in force at 26.3.2015, see art. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "2007 (asp 3)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Part 2 has been amended, before being brought into force, by the Banking Act 2009 (c. 1), section 253; and by S.I. 2009/1941 and 2010/2993."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "S.I. 2010/2993."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/428/article/5",
    "retrieved_at": "2026-10-28T23:45:43.085011+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."
}