The Act New section 10A – Powers in relation to concurrent proceedings for sequestration or analogous remedy Related further provision Section 49– Industrial and provident societies
148.The purpose of this section is to apply the recommended registration regime for floating charges by companies to floating charges in Scottish form granted by industrial and provident societies registered in Great Britain. Such charges are currently registered with the Financial Services Authority by virtue of section 4 of the Industrial and Provident Societies Act 1967, which is repealed.