Commentary

183 Compulsory cancellation

BUILDING SOCIETIES vol 6(1)
| Commentary

183 Compulsory cancellation

| Commentary

183 Compulsory cancellation

The Financial Services Authority (FSA) must cancel a society’s registration in the following circumstances1:

  1. 183.1

        where the society has been dissolved following an amalgamation2;

  2. 183.2

        where the society has been dissolved following a transfer of engagements3;

  3. 183.3

        where the society has been dissolved following a transfer of business to a commercial company4; or

  4. 183.4

        where the society has been dissolved following a winding up under the applicable winding up legislation5.

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