The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

SCHEDULE 2 U.K. Amendments to the Financial Services and Markets Act 2000

25.—(1) Section 215 M1 (rights of the scheme in insolvency) is amended as follows. U.K.

(2) In subsection (3) for the words from “a company” to the end substitute—

“(a) a company or partnership which is a relevant person; or

(b) a body corporate or unincorporated association which is a relevant exchange;

the scheme manager has the same rights as are conferred on the regulators by section 362.”.

(3) In subsection (4) after “relevant person” insert “ or relevant exchange ”.

Marginal Citations

M1 Section 215 was amended by paragraph 54(2) of the Enterprise Act 2002 (c.40), S.I. 2005/1455, and paragraph 5 of Schedule 10 to the Financial Services Act 2012; there are other amendments but none is relevant.