The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

Authorised deposit-takers and former authorised deposit-takers

377.—(1) The Insolvency Rules 1986 are amended as follows.

(2) In Rule 2.7 (Manner in which service to be effected), for paragraph (4A)(a)(1) substitute—

“(a) is an authorised deposit-taker or former authorised deposit-taker,”.

(3) In Rule 4.1 (Voluntary winding up; winding up by the court), in paragraph (1)(b)(2), for “authorised institutions or former authorised institutions within the meaning of the Banking Act 1987” substitute “authorised deposit-takers or former authorised deposit-takers”.

(4) In Rule 4.7 (Presentation and filing of petition), in paragraph (4)(e)(3) for “an authorised institution or former authorised institution within the meaning of the Banking Act 1987” substitute “an authorised deposit-taker or a former authorised deposit-taker”.

(5) In Rule 4.50 (First meetings (No CVL Application)), in paragraph (8)(4) for “an authorised institution or former authorised institution within the meaning of the Banking Act 1987” substitute “an authorised deposit-taker or a former authorised deposit-taker”.

(6) In Rule 4.51, in paragraph (3)(5) for “an authorised institution or former authorised institution within the meaning of the Banking Act 1987” substitute “an authorised deposit-taker or a former authorised deposit-taker”.

(7) In Rule 4.72 (Additional provisions as regards certain meetings) in paragraph (1)(6) for “an authorised institution or former authorised institution within the meaning of the Banking Act 1987” substitute

“an “authorised deposit-taker or a former authorised deposit-taker””.

(1)

Paragraph (4A) was inserted by S.I. 1987/1919

(2)

Subparagraph (1)(b) was amended by S.I. 1998/1129, article 2, Schedule 1, paragraph 4.

(3)

Subparagraph (4)(e) was amended by S.I. 1987/1919, rule 3(1), Schedule, Part 1, paragraph 36 and by S.I. 1998/1129, article 2, Schedule 1, paragraph 4.

(4)

Paragraph (8) was amended by S.I. 1987/1919, rule 3(1), Schedule, Part 1, paragraph 50.

(5)

Paragraph (3) was amended by S.I. 1987/1919, rule 3(1), Schedule, Part 1, paragraph 51.

(6)

Paragraph (1) of rule 4.72 was amended by S.I. 1987/1919, rule 3(1), Schedule, Part I, paragraph 36.