Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 123
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
No versions valid at: 21/04/2016
Status:
Point in time view as at 21/04/2016. This version of this provision is not valid for this point in time.
Status
Not valid for this point in time generally means that a provision was not in force for the point in time you have selected to view it on.
Changes to legislation:
Financial Services (Banking Reform) Act 2013, Section 123 is up to date with all changes known to be in force on or before 09 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Yn ddilys o 13/07/2018
123Restriction on making of ordinary administration ordersU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)This section applies where an ordinary administration application is made in relation to an infrastructure company by a person other than the Bank of England.
(2)The court must dismiss the application if—
(a)an FMI administration order is in force in relation to the company, or
(b)an FMI administration order has been made in relation to the company but is not yet in force.
(3)Where subsection (2) does not apply, the court, on hearing the application, must not exercise its powers under paragraph 13 of Schedule B1 to the 1986 Act (other than its power of adjournment) unless—
(a)the applicant has notified the Bank of England that the application has been made, and
(b)the period of 14 days beginning with the day on which the notice is received by the Bank has ended.
(4)On the making of an FMI administration order in relation to an infrastructure company, the court must dismiss any ordinary administration application made in relation to the company which is outstanding.
(5)“Ordinary administration application” means an application under paragraph 12 of Schedule B1 to the 1986 Act.
Yn ôl i’r brig