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The Investment Bank Special Administration Regulations 2011
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- UK Statutory Instruments
- 2011 No. 245
- Regulation 19
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[F1Appropriate regulator] direction withdrawnU.K.
This section has no associated Explanatory Memorandum
19.—(1) This regulation applies if, after the administrator's statement of proposals has been agreed with the [F2regulator which gave the direction under regulation 16] or the court has made an order dispensing with the need for agreement under regulation 17, the F3... direction is then withdrawn.
(2) If the administrator proposes a revision to the statement of proposals and the administrator thinks that the proposed revision is substantial, then paragraphs 54 and 55 of Schedule B1 (as applied by regulation 15) apply.
Textual Amendments
F1Words in reg. 19 heading substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 198(m)(i) (with Sch. 2 para. 213)
F2Words in reg. 19(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 198(m)(ii)(aa) (with Sch. 2 para. 213)
F3Word in reg. 19(1) omitted (1.4.2013) by virtue of The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 198(m)(ii)(bb) (with Sch. 2 para. 213)
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