1986 c.45.

S.I. 1989 No. 2405 (N.I. 19).

S.I.1986/1925.

S.R. 1991 No. 364.

S.I. 1986/1915.

Section 411(1A) of the Insolvency Act 1986 was inserted by section 125(2) of the 2009 Act.

Section 411(1B) of the Insolvency Act 1986 was inserted by section 160(2) of the 2009 Act.

http://www.legislation.gov.uk/uksi/2009/317/part/2/madeThe Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009BankingLegislationBuilding societiesenKing's Printer of Acts of Parliament2015-06-23BANKS AND BANKINGThis Order makes modifications and amendments to certain Acts and Statutory Instruments as a consequence of Parts 2 (bank insolvency) and 3 (bank administration) of the Banking Act 2009 (c.1) (“the 2009 Act”).PART 2General Modifications to Legislation
31

So far as the enactments set out in the Schedule (“the listed enactments”) apply in relation to liquidation and administration, they apply with the modifications set out in paragraphs (2) to (4).

2

The modifications relating to bank insolvency under Part 2 of the 2009 Act are that references to—

a

“liquidator” include a reference to a bank liquidator under Part 2 of the 2009 Act;

b

“provisional liquidator” include a reference to a provisional bank liquidator under Part 2 of the 2009 Act;

c

“liquidation” or “insolvent liquidation” include a reference to bank insolvency under Part 2 of the 2009 Act;

d

“winding up” or “winding up by the court” include a reference to bank insolvency under Part 2 of the 2009 Act (and a reference to the “commencement of winding up” in this context is to the commencement of bank insolvency);

e

“winding up order” include a reference to a bank insolvency order under Part 2 of the 2009 Act;

f

“wound up” include a reference to a bank having been put into bank insolvency under Part 2 of the 2009 Act; and

g

“winding up petition” or “petition to wind up” include an application for bank insolvency under Part 2 of the 2009 Act.

3

The modifications relating to bank administration under Part 3 of the 2009 Act are that references to—

a

“administrator” include a reference to a bank administrator under Part 3 of the 2009 Act;

b

“administration” or “insolvent administration” include a reference to a bank administration under Part 3 of the 2009 Act;

c

“administration order” include a reference to a bank administration order under Part 3 of the 2009 Act; and

d

“provisional liquidator” include a reference to a provisional bank administrator under Part 3 of the 2009 Act.

4

The modifications relating to bank insolvency or bank administration under Parts 2 and 3 of the 2009 Act are that references to—

a

“insolvency legislation” or “the law of insolvency” include Parts 2 and 3 of the 2009 Act and the provisions of the Insolvency Act 1986 and the Insolvency (Northern Ireland) Order 1989 as applied by those Parts;

b

a person acting as an “insolvency practitioner” (as defined in section 388 of the Insolvency Act 1986) include a person acting as a bank liquidator or bank administrator under Parts 2 and 3 of the 2009 Act;

c

the provisions of the Insolvency Act 1986 and the Insolvency (Northern Ireland) Order 1989, in the context of bank insolvency or bank administration, shall be read to include those provisions as applied and modified by sections 103 and 145 of the 2009 Act; and

d

the provisions of the Insolvency Rules 1986, the Insolvency Rules (Northern Ireland) 1991 and the Insolvency (Scotland) Rules 1986, in the context of bank insolvency or bank administration, shall be read to include those provisions as applied and modified by rules made under section 411(1A) of the Insolvency Act 1986 in relation to bank insolvency, and under section 411(1B) of the Insolvency Act 1986 in relation to bank administration.

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<heading>General Modifications to Legislation</heading>
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<paragraph eId="article-3-1">
<num>1</num>
<content>
<p>So far as the enactments set out in the Schedule (“the listed enactments”) apply in relation to liquidation and administration, they apply with the modifications set out in paragraphs (2) to (4).</p>
</content>
</paragraph>
<paragraph eId="article-3-2">
<num>2</num>
<intro>
<p>
The modifications relating to bank insolvency under Part 2 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
are that references to—
</p>
</intro>
<subparagraph eId="article-3-2-a">
<num>a</num>
<content>
<p>
“liquidator” include a reference to a bank liquidator under Part 2 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
;
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-2-b">
<num>b</num>
<content>
<p>
“provisional liquidator” include a reference to a provisional bank liquidator under Part 2 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
;
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-2-c">
<num>c</num>
<content>
<p>
“liquidation” or “insolvent liquidation” include a reference to bank insolvency under Part 2 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
;
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-2-d">
<num>d</num>
<content>
<p>
“winding up” or “winding up by the court” include a reference to bank insolvency under Part 2 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
(and a reference to the “commencement of winding up” in this context is to the commencement of bank insolvency);
</p>
</content>
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<subparagraph eId="article-3-2-e">
<num>e</num>
<content>
<p>
“winding up order” include a reference to a bank insolvency order under Part 2 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
;
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-2-f">
<num>f</num>
<content>
<p>
“wound up” include a reference to a bank having been put into bank insolvency under Part 2 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
; and
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-2-g">
<num>g</num>
<content>
<p>
“winding up petition” or “petition to wind up” include an application for bank insolvency under Part 2 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="article-3-3">
<num>3</num>
<intro>
<p>
The modifications relating to bank administration under Part 3 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
are that references to—
</p>
</intro>
<subparagraph eId="article-3-3-a">
<num>a</num>
<content>
<p>
“administrator” include a reference to a bank administrator under Part 3 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
;
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-3-b">
<num>b</num>
<content>
<p>
“administration” or “insolvent administration” include a reference to a bank administration under Part 3 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
;
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-3-c">
<num>c</num>
<content>
<p>
“administration order” include a reference to a bank administration order under Part 3 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
; and
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-3-d">
<num>d</num>
<content>
<p>
“provisional liquidator” include a reference to a provisional bank administrator under Part 3 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="article-3-4">
<num>4</num>
<intro>
<p>
The modifications relating to bank insolvency or bank administration under Parts 2 and 3 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
are that references to—
</p>
</intro>
<subparagraph eId="article-3-4-a">
<num>a</num>
<content>
<p>
“insolvency legislation” or “the law of insolvency” include Parts 2 and 3 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
and the provisions of the Insolvency Act 1986
<noteRef href="#f00002" class="footnote" marker="2"/>
and the Insolvency (Northern Ireland) Order 1989
<noteRef href="#f00003" class="footnote" marker="3"/>
as applied by those Parts;
</p>
</content>
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<content>
<p>
a person acting as an “insolvency practitioner” (as defined in section 388 of the Insolvency Act 1986) include a person acting as a bank liquidator or bank administrator under Parts 2 and 3 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
;
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-4-c">
<num>c</num>
<content>
<p>
the provisions of the Insolvency Act 1986 and the Insolvency (Northern Ireland) Order 1989, in the context of bank insolvency or bank administration, shall be read to include those provisions as applied and modified by sections 103 and 145 of the
<abbr title="Banking Act 2009 c. 1" xml:lang="">2009 Act</abbr>
; and
</p>
</content>
</subparagraph>
<subparagraph eId="article-3-4-d">
<num>d</num>
<content>
<p>
the provisions of the Insolvency Rules 1986
<noteRef href="#f00004" class="footnote" marker="4"/>
, the Insolvency Rules (Northern Ireland) 1991
<noteRef href="#f00005" class="footnote" marker="5"/>
and the Insolvency (Scotland) Rules 1986
<noteRef href="#f00006" class="footnote" marker="6"/>
, in the context of bank insolvency or bank administration, shall be read to include those provisions as applied and modified by rules made under section 411(1A)
<noteRef href="#f00007" class="footnote" marker="7"/>
of the Insolvency Act 1986 in relation to bank insolvency, and under section 411(1B)
<noteRef href="#f00008" class="footnote" marker="8"/>
of the Insolvency Act 1986 in relation to bank administration.
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