UK Statutory Instrument SI 2014/229 United Kingdom

The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014

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Enforced by
PRA
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person14 Director or Officer2 Financial Services Firm2 Trader1 Employer1

Plus 2 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties
Financial Services Firm — also bound by 167 other Acts
Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties
Employer — also bound by 682 other Acts
TULRCA 1992 72 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

19 other provisions — procedural and definitional
s.art001 Citation, commencement and interpretation
s.art002 Application to relevant societies and relevant CCBS of law about company arrangements, administration and moratoriums
s.art002 Application of section 176ZB of the 1986 Act
s.art003 Application of section 176A of the 1986 Act
s.art004 Application of other provisions of the 1986 Act
s.art005 Application of section 215 of FSMA
s.art005 Application of sections 355A and 355B of FSMA
s.art006 Application of section 356 of FSMA
s.art007 Application of section 359 of FSMA
s.art008 Application of section 361 of FSMA
s.art009 Application of sections 362 and 362A of FSMA
s.art010 Application of provisions of FSMA: general provision
s.art011 Application of insolvency rules
s.art012 Application of other subordinate legislation
s.art013 Modified application of section 111 of the 2014 Act
s.art014 Modified application of section 113 of the 2014 Act
s.art015 Modified application of section 126 of the 2014 Act
s.art016 Modified application of section 59 of the 1965 Act
s.art017 Amendment of the 1965 Act
Schedules

Schedules

22 of 225 shown
s.sch001 Functions of administrator Regulated
  • Ensure the society and credit union follow their rules and legal dutiesDirector or Officer
s.sch001a Timing of statements for extension under section A10 or A11 Regulated
  • File extension statements within 3 days of court filingFinancial Services Firm
s.sch001a (1) A notice under section A17(2) or (3) of the... Regulated
  • Monitor must give moratorium-related notice within 5 daysAny Person
s.sch001a Where a moratorium comes to an end under section A16... Regulated
  • Notify registrar of companies when moratorium endsTrader
s.sch001a Notice of termination of moratorium Regulated
  • File notice of termination of moratorium with the courtAny Person
s.sch001a Termination of moratorium under section A38(1)(d) of the 1986 Act Regulated
  • Monitor must disregard certain short-term debts when deciding to end moratoriumAny Person
s.sch001a Replacement of monitor or additional monitor: notification Regulated
  • Monitor must give a detailed notice when replaced or when an additional monitor is appointedAny Person
s.sch001a Authentication of documents relating to obtaining or extending moratorium: general Regulated
  • Authenticate notices and statements related to moratorium applicationsAny Person
s.sch001a Identification details for a relevant CCBS Regulated
  • Requirement for authorised insurerEmployer
s.sch001a Authentication of documents relating to obtaining or extending moratorium: general Regulated
  • Authenticate documents for moratorium applicationsAny Person
s.sch001a Notice by monitor where moratorium comes into force Regulated
  • Monitor must state name and capacity in moratorium noticeAny Person
s.sch001a Extension under section A10 or A11 of the 1986 Act: notices and statements Regulated
  • Include monitor's contact details in extension statementsAny Person
s.sch001a Timing of statements for extension under section A10 or A11 Regulated
  • Make moratorium extension statements within 3 days before court filingFinancial Services Firm
s.sch001a (1) A notice under section A17(2) or (3) of the... Regulated
  • Give a notice under sections A17(2) or (3) within 5 daysAny Person
s.sch001a Where a moratorium comes to an end under section A16... Regulated
  • Include insolvency date and contact details in moratorium end noticesAny Person
s.sch001a Notice of termination of moratorium Regulated
  • Monitor must lodge termination notice in court and provide full detailsAny Person
s.sch001a Termination of moratorium under section A38(1)(d) of the 1986 Act Regulated
Other duties (1) — Crown / regulator
  • Monitor must disregard certain debts when ending a moratoriumStatutory regulator
s.sch001a Replacement of monitor or additional monitor: notification Regulated
  • Notify stakeholders when monitor is replaced or additional monitor appointedAny Person
s.sch001a Notice by monitor where moratorium comes into force Regulated
  • Monitor must issue a formal notice when a moratorium takes effectAny Person
s.sch001a Contact details of a monitor or other office-holder Regulated
  • Include monitor contact details in required documentsDirector or Officer
s.sch001a Extension under section A10 or A11 of the 1986 Act: notices and statements Regulated
  • Monitor must include contact details in extension statementAny Person
s.sch004 Rule 2.23 (release from duty to submit statement of affairs;... Regulated
Other duties (1) — Crown / regulator
  • FCA-appointed person may appear and be heard on applications for release from statement of affairs dutyStatutory regulator
203 other schedules
s.sch001 (1) Unless the context otherwise requires and subject to any...
s.sch001 In this Part— (a) a reference to a numbered paragraph...
s.sch001 Creditors’ meetings and creditors’ notices
s.sch001 Nature of administration
s.sch001 Appointment of administrator by court
s.sch001 Appointment of administrator by holder of floating charge
s.sch001 Paragraph 15 (restrictions on power to appoint) has effect as...
s.sch001 Effect of administration
s.sch001 In paragraph 45 (publicity) sub-paragraph (3) has effect as if...
s.sch001 Paragraph 46 (announcement of administrator's appointment) has effect as if...
s.sch001 Process of administration
s.sch001 Paragraph 51 (requirement for initial creditors' meeting) has effect as...
s.sch001 Part A1 of the 1986 Act (moratorium) applies in relation...
s.sch001 Section A5 (obtaining a moratorium for other overseas companies) is...
s.sch001 Section A20 (restrictions on insolvency proceedings etc) has effect as...
s.sch001 Section A28 (restrictions on payment of certain pre-moratorium debts) has...
s.sch001 Section A35 (monitoring) has effect as if after subsection (2)...
s.sch001 Section A48 of the 1986 Act (prosecution of delinquent officers...
s.sch001 Chapter 8 of Part A1 of the 1986 Act (miscellaneous...
s.sch001 Section A50 (power to modify this Part etc in relation...
s.sch001 Section A54 has effect as if— (a) in subsection (1),...
s.sch001 Section A55 is omitted.
s.sch001 Schedule ZA1 has effect as if— (a) in paragraph 15—...
s.sch001 Part 1 of the 1986 Act applies in relation to...
s.sch001 Paragraph 52 (requirement for initial creditors' meeting) has effect as...
s.sch001 In paragraph 53 (business and result of initial creditors' meeting),...
s.sch001 Paragraph 54 (revision of administrator's proposals) has effect as if—...
s.sch001 In paragraph 55 (failure to obtain approval of administrator's proposals)...
s.sch001 Paragraph 56 (further creditors' meetings) has effect as if—
s.sch001 In paragraph 58 (correspondence instead of creditors' meeting)—
s.sch001 Paragraph 61 (removal and appointment of director) has effect as...
s.sch001 In paragraph 64 (exercise of management power), in sub-paragraph (2)(b)...
s.sch001 In paragraph 65 (distribution) sub-paragraph (1) has effect as if...
s.sch001 Part 1 (company voluntary arrangements)
s.sch001 Ending administration
s.sch001 In paragraph 84 (moving from administration to dissolution) sub-paragraph (5)...
s.sch001 Replacing administrator
s.sch001 Paragraph 96 (substitution of administrator: competing floating charge-holder) has effect...
s.sch001 General
s.sch001 Schedule 1 to the 1986 Act applies in relation to...
s.sch001 This Part has effect without limiting paragraph 26 of this...
s.sch001 In this Part— (a) a reference to a numbered paragraph...
s.sch001 Paragraph 3 (power to borrow) has effect as if it...
s.sch001 Paragraphs 15 (power to establish subsidiaries) and 16 (power to...
s.sch001 Sections 2 to 6 and 7 of ... the 1986...
s.sch001 Section 3 of the 1986 Act (summoning of meetings) has...
s.sch001 Paragraph 16 has effect in relation to a relevant society...
s.sch001 Section 7A of the 1986 Act (prosecution of delinquent officers...
s.sch001 Schedule A1 (moratorium where directors propose voluntary arrangement)
s.sch001 Schedule A1 to the 1986 Act has effect as if...
s.sch001 Schedule A1 to the 1986 Act has effect as if—...
s.sch001 Part 2 of the 1986 Act applies in relation to...
s.sch001a Interpretation
s.sch001a Obtaining creditor consent: qualifying decision procedure
s.sch001a Rule 15.11 of the England and Wales Insolvency Rules (notice...
s.sch001a Rule 15.28 of the England and Wales Insolvency Rules (creditors’...
s.sch001a Rule 15.31 of the England and Wales Insolvency Rules (calculation...
s.sch001a Rule 15.32 of the England and Wales Insolvency Rules (calculation...
s.sch001a Rule 15.34 of the England and Wales Insolvency Rules (requisite...
s.sch001a Content of application to the court for extension of moratorium
s.sch001a Timing of statements accompanying application to court for extension of moratorium
s.sch001a Notices about change in end of moratorium
s.sch001a Content of documents relating to the obtaining or extending of a moratorium: general
s.sch001a (1) A notice under section A17(4) of the 1986 Act...
s.sch001a Notification by members of the committee of insolvency proceedings etc
s.sch001a Replacement of monitor or additional monitor: statement and consent to act
s.sch001a Challenge to monitor’s remuneration
s.sch001a Challenge to actions of the members of the committee: qualifying decision procedure
s.sch001a Priority of moratorium debts etc in subsequent winding up
s.sch001a Priority of moratorium debts etc in subsequent administration
s.sch001a Prescribed format of documents
s.sch001a (1) The following provisions of the England and Wales Insolvency...
s.sch001a Delivery of documents
s.sch001a Applications to court
s.sch001a Contact details of a monitor or other office-holder
s.sch001a Meaning of “The England and Wales Insolvency Rules”
s.sch001a Content of documents relating to the obtaining or extending of a moratorium: general
s.sch001a Notice that members of the committee wish to obtain a moratorium
s.sch001a Notice that members of the committee wish to obtain a moratorium
s.sch001a Proposed monitor’s statement and consent to act
s.sch001a Timing of statements for obtaining moratorium
s.sch001a Notice that members of the committee wish to extend a moratorium
s.sch001a Obtaining creditor consent: qualifying decision procedure
s.sch001a Rule 5.11 of the Scottish Insolvency Rules (notice of decision...
s.sch001a Proposed monitor’s statement and consent to act
s.sch001a Rule 5.26 of the Scottish Insolvency Rules (creditors’ voting rights)...
s.sch001a Rule 5.28 of the Scottish Insolvency Rules (calculation of voting...
s.sch001a Rule 5.29 of the Scottish Insolvency Rules (calculation of voting...
s.sch001a Rule 5.31 of the Scottish Insolvency Rules (requisite majorities) has...
s.sch001a Content of application to the court for extension of moratorium
s.sch001a Timing of statements accompanying application to court for extension of moratorium
s.sch001a Notices about change in end of moratorium
s.sch001a (1) A notice under section A17(4) of the 1986 Act...
s.sch001a Timing of statements for obtaining moratorium
s.sch001a Notification by members of the committee of insolvency proceedings etc
s.sch001a Replacement of monitor or additional monitor: statement and consent to act
s.sch001a Challenge to monitor’s remuneration
s.sch001a Challenge to actions of the members of the committee: qualifying decision procedure
s.sch001a Priority of moratorium debts etc in subsequent winding up
s.sch001a Priority of moratorium debts etc in subsequent administration
s.sch001a Prescribed format of documents
s.sch001a (1) The following provisions of the Scottish Insolvency Rules apply,...
s.sch001a Delivery of documents
s.sch001a Identification details for a relevant CCBS
s.sch001a Meaning of “The Scottish Insolvency Rules”
s.sch001a Notice that members of the committee wish to extend a moratorium
s.sch002 Unless the context otherwise requires and subject to any further...
s.sch002 Part 26 of the 2006 Act applies in relation to...
s.sch002 In section 895 (application of Part 26) subsection (2) has...
s.sch002 In section 899 (court sanction for compromise or arrangement) —...
s.sch002 Section 900 (powers of court to facilitate reconstruction or amalgamation)...
s.sch002 Section 901 (obligations of company with respect to articles etc.)...
s.sch002 Where a copy of any order or other document is...
s.sch002 In paragraph 7— “PRA-authorised person” has the meaning given in...
s.sch002a Unless the context otherwise requires and subject to any further...
s.sch002a Where a copy of any order or other document is...
s.sch002a In paragraph (10)— (a) “PRA-authorised person” has the meaning given...
s.sch002a Part 26A of the 2006 Act applies in relation to...
s.sch002a Section 901A (application of this part) subsection (4) has effect...
s.sch002a Section 901B is omitted.
s.sch002a Section 901F (court sanction for compromise or arrangement) has effect...
s.sch002a Section 901I is omitted.
s.sch002a Section 901J (powers of court to facilitate reconstruction or amalgamation)...
s.sch002a In section 901K (obligations of company with respect to articles...
s.sch002a Section 901L is omitted.
s.sch003 Interpretation
s.sch003 Modification of provisions applied by article 4
s.sch003 Miscellaneous provisions applying to companies which are insolvent
s.sch003 Section 233B (protection of supplies of goods and services) does...
s.sch003 Interpretation for first group of Parts
s.sch003 Insolvency practitioners: qualification and regulation
s.sch003 Section 390 (persons not qualified to act as insolvency practitioners)...
s.sch003 (1) In the following provisions, in a reference to authorisation...
s.sch003 Creditors’ meetings
s.sch003 Creditors’ notices
s.sch003 Punishment of offences
s.sch003 Schedule 10 to the 1986 Act (punishment of offences under...
s.sch003 Schedule 10 to the 1986 Act also has effect without...
s.sch004 In this Schedule— “applied provisions”— in Part 2, means the...
s.sch004 Process of administration
s.sch004 Rule 2.31 (release from duty to submit statement of affairs;...
s.sch004 Meetings and reports
s.sch004 Rule 2.35 has effect as if— (a) paragraph (3) required...
s.sch004 Rule 2.37 (meeting requisitioned by creditors) has effect as if...
s.sch004 Rule 2.43 has effect as if— (a) in paragraph (1)...
s.sch004 In Rule 2.45 (revision of the administrator's proposals)—
s.sch004 In Rule 2.47 (reports to creditors), in paragraphs (1)(g) and...
s.sch004 In Rule 2.48 (correspondence instead of creditors' meetings)—
s.sch004 Rule 2.49 (venue and conduct of company meeting) has effect...
s.sch004 In this Schedule— (a) a reference to the FCA is...
s.sch004 Distributions to creditors
s.sch004 Rule 2.69 (debts of insolvent society to rank equally) has...
s.sch004 Rule 2.85 (mutual credits and set off) has effect as...
s.sch004 Rule 2.95 (notice of proposed distribution) has effect as if—...
s.sch004 In Rule 2.97 (declaration of dividend) member-depositors are to be...
s.sch004 Rule 2.98 (notice of declaration of dividend) has effect as...
s.sch004 In Rule 2.99 (payment of dividends and related matters), in...
s.sch004 Rule 2.100 (notice of no dividend, or no further dividend)...
s.sch004 Rule 2.103 (disqualification from dividend) has effect as if it...
s.sch004 Ending administration
s.sch004 This Part modifies the Parts of the Insolvency Rules 1986...
s.sch004 In Rule 2.113 (notice of end of administration), in paragraphs...
s.sch004 Replacing administrator
s.sch004 (1) Rule 2.122 (application to court to remove administrator from...
s.sch004 Quorum at meetings
s.sch004 Forms
s.sch004 “Prescribed part”
s.sch004 This Part modifies the Parts of the Insolvency (Scotland) Rules...
s.sch004 Unless the context otherwise requires and subject to any further...
s.sch004 The applied provisions have effect with the further modifications set...
s.sch004 Proposal by directors for company voluntary arrangement
s.sch004 Unless the context otherwise requires and subject to any further...
s.sch004 Consideration of proposals where moratorium obtained
s.sch004 Appointment of administrator by holder of floating charge
s.sch004 Process of administration
s.sch004 Meetings
s.sch004 Rule 2.27 has effect as if in paragraph (3) the...
s.sch004 In Rule 2.28— (a) in paragraphs (3), (4) and (10),...
s.sch004 In Rule 2.29 (applicable law (company meetings)) ignore paragraph (a)....
s.sch004 In Rule 2.34 (revision of the administrator's proposals)—
s.sch004 In Rule 2.35, in paragraph (1)(a), in the case of...
s.sch004 The applied provisions have effect as if they provided that...
s.sch004 Distributions to creditors
s.sch004 Rule 2.41 (distributions to creditors) has effect in relation to...
s.sch004 Ending administration
s.sch004 Replacing administrator
s.sch004 (1) Rule 2.53 (application to replace administrator) and Rule 2.56...
s.sch004 Quorum at meetings
s.sch004 Rule 7.7 (quorum) has effect in relation to a relevant...
s.sch004 Rule 7.12 (resolutions) has effect in relation to a meeting...
s.sch004 Forms
s.sch004 This Part modifies Part 3 of Schedule 4 to the...
s.sch004 The applied provisions have effect with the further modifications set...
s.sch004 Unless the context otherwise requires and subject to any further...
s.sch004 The applied provisions have effect as if they provided that...
s.sch004 The applied provisions have effect with the further modifications set...
s.sch004 Proposal by directors for company voluntary arrangement
s.sch004 Consideration of proposals where moratorium obtained
s.sch004 Appointment of administrator by holder of floating charge
s.sch005 Application of the Insolvency Act 1986 (Prescribed Part) Order 2003
s.sch005 Modified application of the Insurers (Reorganisation and Winding Up) Regulations 2004
s.sch005 Modified application of the Pension Protection Fund (Entry Rules) Regulations 2005
s.sch005 Modified application of the Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2010

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