5Application of Law and National Regulations to participating co-operatives (section 463)

5 Application of Law and National Regulations to participating co-operatives (section 463)

5.1 Application of Law and National Regulations to participating co-operatives (section 463)

For the purposes of section 463(1) of the Law:

(a) the provisions of section 218 of the Law and regulation 3.6, with the modification specified in paragraph (b), are prescribed as provisions with which a participating co-operative that is authorised to carry on business in this jurisdiction under Chapter 5 of the Law must comply; and

(b) the modification is that a reference in those provisions to a co-operative includes a reference to a participating co-operative that is authorised to carry on business in this jurisdiction under that Chapter.