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Section 66: Duty to account etc of receiver or manager of a society's property

Co-operative and Community Benefit Societies Act 2014 · 2014 c. 14View on legislation.gov.uk

Part 5: Charges over a society's assets — CHAPTER 3: Receiver or manager of society's property

This section applies to a receiver or manager of a registered society's property who has been appointed under the powers contained in any instrument.

For the purposes of subsection (2) the relevant periods are—

the period of 6 months beginning with the date of appointment, and
each subsequent period of 6 months for which the person is receiver or manager.

If the society is a PRA-authorised person—

the receiver or manager must send to the PRA a copy of any notification or return sent under subsection (2) to the FCA;
the FCA must consult the PRA before allowing a period of more than one month under subsection (2)(b).

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.