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The Risk Transformation Regulations 2017
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- UK Statutory Instruments
- 2017 No. 1212
- PART 4
- CHAPTER 15
- Regulation 168
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The Risk Transformation Regulations 2017, Section 168 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Concurrent insolvencyU.K.
This section has no associated Explanatory Memorandum
168. Where two or more parts of a protected cell company are in administration or liquidation concurrently by virtue of regulation 166 or 167, then—
(a)the insolvency legislation (as applied by regulations 166(2) or 167(2)) applies in relation to each part separately; and
(b)the administrators or liquidators (as the case may be) of those parts must cooperate fully with each other in the discharge of their functions.
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