{
  "url": "https://openlegislation.uk/financial-services-banking-reform-act-2013-commencement-no-8-and-consequential-provisions-order-2015/schedule-2/paragraph-9",
  "json_url": "https://openlegislation.uk/financial-services-banking-reform-act-2013-commencement-no-8-and-consequential-provisions-order-2015/schedule-2/paragraph-9.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": "schedule/2/paragraph/9",
  "kind": "paragraph",
  "number": "9",
  "heading": null,
  "text": "Section 45 (effect of floating charges on winding up) has effect as if—\n(a) subsections (2) ... and (8) were omitted; and\n(b) for subsection (7) there were substituted—\n“(7) For the purposes of this section a building society goes into liquidation if—\n(a) it goes into liquidation within the meaning of section 247(2) of the Insolvency Act 1986; or\n(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).”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in Sch. 2 para. 9(a) omitted (28.6.2016) by virtue of The Building Societies (Floating Charges and Other Provisions) Order 2016 (S.I. 2016/679), arts. 1(1)(2), 7(b) (with art. 1(4))"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 9 in force at 26.3.2015, see art. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/428/schedule/2/paragraph/9",
    "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."
}