# The Insolvency (Northern Ireland) Order 1989, Article 104C: Petition for winding up of SCE


(1) Where, in the case of an SCE whose registered office is in Northern Ireland—
(a) there has been such a breach as is mentioned in Article 73(1) of Council Regulation (EC) No 1435/2003 on the Statute for a European Cooperative (SCE) (the “European Cooperative Society Regulation”) (winding up by the court or other competent authority), and
(b) it appears to the Financial Conduct Authority that the SCE should be wound up,
the Authority may present a petition for the SCE to be wound up if the court thinks it is just and equitable for it to be so.
(2) Where, in the case of an SCE whose registered office is in Northern Ireland—
(a) the SCE is not in compliance with Article 6 of the European Cooperative Society Regulation (location of head office and registered office), and
(b) it appears to the Financial Conduct Authority that the SCE should be wound up,
the Authority may present a petition for the SCE to be wound up if the court thinks it is just and equitable for it to be so.
(3) This Article does not apply if the SCE is already being wound up by the court.
(4) In this Article “SCE” has the same meaning as in the European Cooperative Society Regulation.

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Source: https://www.legislation.gov.uk/nisi/1989/2405/article/104C (the official version)
Page: https://openlegislation.uk/insolvency-northern-ireland-order-1989/article-104C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.