Financial Services (Banking Reform) Act 2013 (c. 33)

PART 6 U.K. Special administration for operators of certain infrastructure systems

Introductory U.K.

111 Financial market [F1 and cash] infrastructure administration U.K.

This Part—

(a) provides for a procedure to be known as FMI administration, F2 ...

(b) restricts the powers of persons other than the Bank of England in relation to the insolvency of infrastructure companies, [F3 and

(c) confers power on the Bank of England to participate in proceedings under Part 26A of the Companies Act 2006 (arrangements and reconstructions: companies in financial difficulty).]

Textual Amendments

F1 Words in s. 111 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 3

F2 Word in s. 111 omitted (26.6.2020) by virtue of Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 49(2)(a) (with ss. 2(2), 5(2))

F3 S. 111(c) and word inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 49(2)(b) (with ss. 2(2), 5(2))

Commencement Information

I1 S. 111 in force at 13.7.2018 for E.W. by S.I. 2018/848, art. 2(c)