No more assets for distribution
Unlimited fine- Fail to notify creditors and court when winding up building society Any Person
UK Statutory Instrument
2009
United Kingdom
The Building Societies (Insolvency and Special Administration) Order 2009
At a glance
Enforced by
What's here
1 compliance obligation
Penalty landscape
1 of 1 obligation carry an unlimited fine.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Any Person 1
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Any Person also bound by 2338 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 41 other Schedules — structural / supplementary
General mode of application and interpretation
In section 96 of the 2009 Act (grounds for applying)—...
In section 97 of the 2009 Act (grounds for making)—...
In section 98 of the 2009 Act (commencement), in subsection...
Process of building society liquidation
Termination of process, &c.
In section 114 of the 2009 Act (administration)—
In section 115 of the 2009 Act (dissolution)—
In section 116 of the 2009 Act (dissolution: supplemental), in...
Sections 1012 to 1023 and 1034 of the Companies Act...
Other processes
(1) Parts 2 and 3 of the 2009 Act apply...
(1) Ignore section 119 of the 2009 Act (exclusion of...
Ignore sections 120 (notice to FSA of preliminary steps) and...
Miscellaneous
Ignore sections 130 (building societies), 131 (credit unions), 132 (partnerships)...
This Part sets out modifications to Part 3 of the...
Introduction
Process
(1) In section 145, table 1 (Schedule B1 to the...
(1) In section 145, table 2 (other provisions of the...
General powers of administrator
Where a provision of Part 2 or 3 of the...
Property of society dissolved under paragraph
Multiple transfers
Termination
Miscellaneous
(1) Ignore section 157 of the 2009 Act (other processes);...
Ignore sections 158 (building societies), 159 (credit unions), 163 (partnerships)...
Subsections (4) and (5) of section 166 of the 2009...
In Parts 2 and 3 of the 2009 Act, and...
Expressions used in this Schedule (including in text inserted or...
This Part sets out modifications to Part 2 of the...
Introduction
Subsections (5) and (6) of section 93 of the 2009...
Building society insolvency order
The following instruments apply in relation to building societies as...
The following general modifications apply to all of the instruments...
The modifications to the Banking Act 2009 (Parts 2 and...
The modifications to the Banking Act 2009 (Bank Administration) (Modification...
The modifications to the Banking Act 2009 (Bank Administration) (Modification...
Browse 18 other sections — procedural / definitional / commencement
Citation and interpretation
Application of Parts 2 and 3 of the
Schedule 1 to this Order specifies modifications to Parts 2...
Other insolvency processes
After section 89 of the 1986 Act (winding-up by court:...
After section 90C of the 1986 Act insert— Notice to...
Consequential amendments to the Building Societies Act 1986
In section 91 of the 1986 Act (power of court...
In section 92 of the 1986 Act (supplementary), after “is...
In section 103 of the 1986 Act (cancellation of registration),...
In section 119 of the 1986 Act (interpretation), in subsection...
Amendments to other enactments
In section 411 of the Insolvency Act 1986 (company insolvency...
In section 414 of the Insolvency Act 1986 (fees orders),...
In section 220(3)(a) of the Financial Services and Markets Act...
Rules
Northern Ireland
Application of subordinate legislation under Parts 2 and 3 of the 2009 Act
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Prudential Regulation Authority
Part of the Bank of England. Prudentially regulates and supervises around 1,292 banks, building societies, credit unions, insurers, and major investment firms. …
Connected legislation
parent Act
These instruments amend, apply, or refer to this Act. They may not all create direct business obligations.
Made under
Banking Act 2009 (as amended) 2009 Primary Act
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Regulators
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