The European Cooperative Society Regulations 2006

Made: 25th July 2006

Laid before Parliament: 27th July 2006

Coming into force: 18th August 2006

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PART 1 — General

Citation and commencement

1

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Interpretation

2

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PART 2 — Competent authorities

Competent authorities

3

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PART 3 — Formation, registration, structure and proceedings of an SCE

Formation of an SCE

Participation by a body whose head office is not in the Community

4

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Provision of documents by a cooperative which participates in the formation of an SCE by merger

5

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Power to oppose the participation of a cooperative in the formation of an SCE by merger

6

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Publication of a proposal to convert into an SCE

7

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Registration of SCEs

Register of SCEs

8

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Provision of documents for registration

9

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Registration

10

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Provision of documents following registration

11

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Cancellation of registration

12

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Branches

13

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Transfer of registered office to another EEA State

Provision of a solvency statement

14

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Additional forms of publication of a proposal to transfer a registered office

15

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Power to oppose the transfer of a registered office

16

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Structure and proceedings of an SCE

Arrangements for employee involvement

17

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Power of general meeting to appoint or remove members of the management organ

18

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Minimum number of members

19

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Supervisory organ’s power to require information

20

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Acts of competent organ which are outside the SCE’s objects

21

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Power to represent an SCE

22

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First general meeting of an SCE

23

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Sectorial or section meetings of an SCE

24

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Appeals

Appeals against competent authority’s decision

25

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PART 4 — Conversion of an SCE into a cooperative

Publication of a proposal to convert into a cooperative

26

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Certification of assets

27

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Decision of the general meeting to convert into a cooperative

28

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PART 5 — Compliance and offences

Provision of information

29

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Inspection of accounts

30

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Holding of an inquiry

31

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Power to give directions

32

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Power to petition for winding up

33

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Offences in relation to the provision of information

34

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Offence in relation to solvency statements

35

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Offences in relation to an SCE’s name and the use of the acronym “SCE”

36

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Offence in relation to operation as an SCE after cancellation of registration

37

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Bodies corporate

38

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PART 6 — Miscellaneous

Expression of capital

39

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Public notice of certain information

40

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Electronic communications

41

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Inspection and copies of records

42

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Fees

43

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Signed

Alan Campbell — Dave Watts — Two of the Lords Commissioners of Her Majesty's Treasury — 2006-07-25

Explanatory note

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Footnotes

[^f00001]: S.I. 2006/608.

[^f00002]: 1972 c. 68. The enabling powers of section 2(2) of this Act were extended by virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c. 51). Council Regulation (EC) No 1435/2003 applies in the EEA by virtue of the EEA Joint Committee Decision No 15/2004 of 6th February 2004 (O.J. L.116, 22.4.2004, p.68).

[^f00003]: O.J. L.207, 18.8.2003, p.1.

[^f00004]: O.J. L.207, 18.8.2003, p.25.

[^f00005]: O.J. L.395, 30.12.1989, p.36.

[^f00006]: 1986 c. 45.

[^f00007]: S.I. 1989/2405 (N.I. 19) as amended by S.R. 1992 No.405, S.I. 2002/3152 (N.I.16) and S.R. 2004 No.307.

[^f00008]: 1988 c. 36.

[^f00009]: Section 124B was inserted by S.I. 2004/2326.

[^f00010]: 1986 c. 45.

[^f00011]: Article 104B was inserted by S.R. 2004 No.417.

[^f00012]: S.I. 1989/2405 (N.I. 19).

[^f00013]: 1985 c. 6.

[^f00014]: S.I. 1989/2404 (N.I. 18).

[^f00015]: 2000 c. 7.

[^f00016]: 2001 c. 9 as amended by the Communications Act 2003 (c. 21).

Citation and commencement

Interpretation

Competent authorities

Participation by a body whose head office is not in the European Union

Provision of documents by a cooperative which participates in the formation of an SCE by merger

Power to oppose the participation of a cooperative in the formation of an SCE by merger

Publication of a proposal to convert into an SCE

Register of SCEs

Provision of documents for registration

Registration

Provision of documents following registration

Cancellation of registration

Branches

Provision of a solvency statement

Additional forms of publication of a proposal to transfer a registered office

Power to oppose the transfer of a registered office

Arrangements for employee involvement

Power of general meeting to appoint or remove members of the management organ

Minimum number of members

Supervisory organ's power to require information

Acts of competent organ which are outside the SCE's objects

Power to represent an SCE

First general meeting of an SCE

Sectorial or section meetings of an SCE

Appeals against competent authority's decision

Publication of a proposal to convert into a cooperative

Certification of assets

Decision of the general meeting to convert into a cooperative

Provision of information

Inspection of accounts

Holding of an inquiry

Power to give directions

Power to petition for winding up

Offences in relation to the provision of information

Offence in relation to solvency statements

Offences in relation to an SCE's name and the use of the acronym “SCE”

Offence in relation to operation as an SCE after cancellation of registration

Bodies corporate

Expression of capital

Public notice of certain information

Electronic communications

Inspection and copies of records

Fees

Editorial notes

[^key-4c0b268e3ef02e1a4cc2c9fb1eb017ac]: Regulations revoked (31.12.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(4), 25(a); 2020 c. 1, Sch. 5 para. 1(1)

[^M_F_6e77fd67-69c0-48f0-b7d3-347064dbd65e]: Words in Regulations substituted (22.4.2011) by The Treaty of Lisbon (Changes in Terminology) Order 2011 (S.I. 2011/1043), arts. 2, 3-6