There are currently no known outstanding effects for the The Scottish and Northern Ireland Banknote Regulations 2009, Paragraph 3.
3.—(1) Section 899 of the Companies Act 2006 M1 (Court sanction for compromise or arrangement) applies in relation to an authorised bank with the modifications specified in paragraph (2).
(2) The court may not sanction any composition between an authorised bank and its creditors, or any arrangement of an authorised bank's affairs, if the composition or arrangement would affect—
(a)the rights of the noteholders under regulations 9(1)(b) and 22;
(b)the rights of the Bank of England in relation to the backing assets; or
(c)the backing assets.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
