# The Financial Services (Banking Reform) Act 2013 (Commencement (No. 8) and Consequential Provisions) Order 2015, Paragraph 4

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

Section 463 (effect of floating charge on winding up) has effect as if—
(a) in subsection (1) for the words “section 247(2) of the Insolvency Act 1986” there were substituted “subsection (1A)”;
(b) after subsection (1) there were inserted—
“(1A) For the purposes of this Chapter a building society goes into liquidation if—
(a) it goes into liquidation within the meaning of section 247(2) of the Insolvency Act 1986; or
(b) the court makes a building society insolvency order in relation to it under section 94 of the Banking Act 2009 (as applied by section 90C of the Building Societies Act 1986) at a time when it has not already gone into liquidation by passing a special resolution for voluntary winding up under section 88 of the Building Societies Act 1986.”; ...
(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/uksi/2015/428/schedule/1/paragraph/4 (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013-commencement-no-8-and-consequential-provisions-order-2015/schedule-1/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.