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The Deposit Guarantee Scheme Regulations 2015

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There are currently no known outstanding effects for the The Deposit Guarantee Scheme Regulations 2015, Section 14. Help about Changes to Legislation

Amendment of the Insolvency Act 1986U.K.

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14.—(1) The Insolvency Act 1986 M1 is amended as follows.

(2) In section 386 (categories of preferential debts) M2, in subsection (1), after “steel production” insert “ ; debts owed to the Financial Services Compensation Scheme ”.

(3) In Schedule 6 (the categories of preferential debts)—

(a)after paragraph 15A M3 insert—

Category 6A: Debts owed to the Financial Services Compensation SchemeU.K.

15AA.  Any debt owed by the debtor to the scheme manager of the Financial Services Compensation Scheme under section 215(2A) of the Financial Services and Markets Act 2000 M4.;

(b)in the italic heading before paragraph 15C M5 for “categories 7 and 8” substitute “ categories 6A, 7 and 8. ”;

(c)in paragraph 15C, before sub-paragraph (1) insert—

(A1) In paragraph 15AA “the scheme manager” has the meaning given in section 212(1) of the Financial Services and Markets Act 2000..

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