Search Legislation

Financial Services (Banking Reform) Act 2013

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 127

 Help about opening options

Version Superseded: 29/08/2023

Alternative versions:

Status:

Point in time view as at 09/12/2019. This version of this provision has been superseded. Help about Status

Changes to legislation:

Financial Services (Banking Reform) Act 2013, Section 127 is up to date with all changes known to be in force on or before 06 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. Help about Changes to Legislation

127Interpretation of PartU.K.

This section has no associated Explanatory Notes

(1)In this Part—

  • the 1986 Act” means the Insolvency Act 1986;

  • business”, “member”, “property” and “security” have the same meaning as in the 1986 Act;

  • company” has the meaning given by section 113;

  • the court” means—

    (a)

    in England and Wales and Northern Ireland, the High Court;

    (b)

    in Scotland, the Court of Session;

  • “FMI administration order” and “FMI administrator” are to be read in accordance with section 114;

  • infrastructure company” has the meaning given by section 112;

  • operator”, in relation to a recognised F1... payment system, has the meaning given by section 113;

  • recognised F1... payment system” has the meaning given by section 113;

  • regulated activity” has the same meaning as in FSMA 2000;

  • the relevant system” has the meaning given by section 113;

  • securities settlement system” has the meaning given by section 113.

(2)In this Part references to the FMI administrator of a company include a person appointed under paragraph 91 or 103 of Schedule B1 to the 1986 Act, as applied by Schedule 6 to this Act, to be the FMI administrator of a company.

(3)In this Part references to a person qualified to act as an insolvency practitioner in relation to a company are to be read in accordance with Part 13 of the 1986 Act, but as if references in that Part to a company included a company registered under the Companies Act 2006 in Northern Ireland.

Textual Amendments

F1Word in s. 127(1) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 45

Commencement Information

I1S. 127 in force at 13.7.2018 for E.W. by S.I. 2018/848, art. 2(c)

Back to top

Options/Help

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open the Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?