# The Financial Services (Banking Reform) Act 2013 (Commencement (No. 8) and Consequential Provisions) Order 2015, Article 5: Floating charges (Scotland): application of the Bankruptcy and Diligence etc. (Scotland) Act 2007

Extent: E+W+S+N.I.

(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—
(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
(b) paragraph (2) has effect.
(2) Part 2 of the 2007 Act applies to a building society as it applies to an incorporated company, but—
(a) with the modifications set out in Schedule 2; and
(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).

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Source: https://www.legislation.gov.uk/uksi/2015/428/article/5 (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013-commencement-no-8-and-consequential-provisions-order-2015/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.