Regulation 14 Registered societiesF7

United Kingdom

(1)

Schedule 1 to these Regulations makes provision for the modification of F1the Co-operative and Community Benefit Societies Act 2014 in its application to F2registered societies that are insurance undertakings for the purposes of these Regulations.

(2)

Schedule 2 makes provision for the modification of F3the Co-operative and Community Benefit Societies Act (Northern Ireland) 1969 in its application to registered societies that are insurance undertakings for the purposes of these Regulations.

(3)

The F4Co-operative and Community Benefit Societies (Group Accounts) Regulations 1969 and the Industrial and Provident Societies Act (Group Accounts) Regulations (Northern Ireland) 1969 do not apply to registered societies that are insurance undertakings for the purposes of these Regulations.

(4)

Notwithstanding anything in the rules of the society, the committee of F5a registered society that is an insurance undertaking for the purposes of these Regulations may by resolution passed before 1st April 2009 make such amendments of the rules of the society as may be consequential on the provisions of these Regulations.

(5)

F6The Financial Conduct Authority is not required to register any amendment of the rules of such a society unless such consequential amendments of the rules of the society as are mentioned in paragraph (4) either have been made before the application for registration of that amendment or are to be effected by that amendment.

Annotations

Textual amendments

F1: Words in reg. 14(1) substituted (with effect in accordance with reg. 2(4) of the amending S.I.) by The Statutory Auditors Regulations 2017 (S.I. 2017/1164), reg. 1(2)(3), Sch. 2 para. 13(a) (with reg. 2(6)(7))
F2: Words in reg. 14(1)-(3) substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 20(4)(d)
F3: Words in reg. 14(2) substituted (with effect in accordance with reg. 2(4) of the amending S.I.) by The Statutory Auditors Regulations 2017 (S.I. 2017/1164), reg. 1(2)(3), Sch. 2 para. 13(b) (with reg. 2(6)(7))
F4: Words in reg. 14 substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 20(5)(b)
F5: Words in reg. 14(4) substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 20(3)
F6: Words in reg. 14(5) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 137(d)
F7: Reg. 14 heading substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 20(5)(a)