Search Legislation

The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening OptionsExpand opening options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Further provision on special administration: Schedules 1 and 2

This section has no associated Explanatory Memorandum

20.—(1) In regulation 47—

(a)in paragraph (1), after “and Wales” insert “or the law of Scotland”;

(b)after paragraph (1) insert—

(1A) Schedule 1A makes further provision about how special administration applies to limited liability partnerships formed under the law of Northern Ireland.;

(c)after paragraph (2), insert—

(2A) Schedule 2A makes further provision about how special administration applies to partnerships formed under the law of Northern Ireland..

(2) In Schedule 1—

(a)in the heading, after “English/Welsh” insert “/Scottish”;

(b)in paragraph 1, after Wales, insert “or Scotland”;

(c)for paragraph 2, substitute—

2.  In this Schedule—

(a)the “LLPR 2001” means the Limited Liability Partnerships Regulations 2001(1);

(b)the “LLP(S)R 2001” means the Limited Liability Partnerships (Scotland) Regulations 2001(2).;

(d)in the Table following paragraph 3—

(i)in the first line, after “LLPR 2001” insert “in relation to limited liability partnerships established under the law of England and Wales”;

(ii)after the first line, insert—

Those mentioned in regulation 4(2) of the LLP(S)R 2001, in relation to limited liability partnerships established under the law of ScotlandThose set out in regulation 4(2) of the LLP (Scotland) Regulations (except regulation 4(2)(e) of those Regulations)..

(3) After Schedule 1, insert Schedule 1A, as set out in Schedule 1 to these Regulations.

(4) In Table 2 after paragraph 6 of Schedule 2, in column 3 of the entry for paragraph 84 (version in Schedule 2, paragraph 28), in paragraph (b), for “sub-paragraph (5)” substitute “sub-paragraph (4)”.

(5) After Schedule 2, insert Schedule 2A, as set out in Schedule 2 to these Regulations.

(1)

S.I. 2001/1090, amended by S.I. 2009/1941. There are other amending instruments, but none is relevant.

(2)

S.I. 2001/128, amended by S.S.I. 2009/310. There are other amending instruments, but none is relevant.

Back to top

Options/Help