SCHEDULE 3Application of these Regulations to limited liability partnerships

Subordinate legislation6

1

The following subordinate legislation shall apply as from time to time in force to investment banks that are limited liability partnerships in special administration and—

a

in case of the legislation listed in sub-paragraph (2), with such modifications as the context requires for the purpose of giving effect to the provisions of the Insolvency Act as applied by these Regulations; and

b

in case of the legislation listed in sub-paragraph (3), with such modifications as the context requires for the purpose of giving effect to the provisions of the Companies Act 2006 and the Disqualification Act.

2

The legislation referred to in sub-paragraph (1)(a) is—

a

The Insolvency Practitioners Regulations 2005 M1;

b

The Insolvency Practitioners (Recognised Professional Bodies) Order 1986 M2;

c

The Insolvency Proceedings Fees Order 2004 M3;

d

The Insolvency Practitioners Tribunal (Conduct of Investigations) Rules 1986 M4; and

e

insolvency rules.

3

The legislation referred to in sub-paragraph (1)(b) is—

a

The Insolvent Companies (Disqualification of Unfit Directors) Proceedings Rules 1987 M5;

b

The Uncertificated Securities Regulations 2001; M6

c

The Insolvent Companies (Reports on Conduct of Directors) Rules 1996 M7; and

d

The Insolvent Companies (Reports on Conduct of Directors) (Scotland) Rules 1996 M8.