Part XXIV U.K. Insolvency

Modifications etc. (not altering text)

C1 Pt. 24 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 166(2), 167(2), Sch. 2, Sch. 3 (with regs. 168, 189)

C2 Pt. 24 applied in part (with modifications) (8.7.2021) by S.I. 2017/752, Sch. 6 para. 9 (as substituted by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), regs. 2, 48(1))

C3 Pt. 24 applied in part (with modifications) (8.7.2021) by S.I. 2011/99, Sch. 3 para. 7 (as substituted by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), regs. 2, 48(2))

Interpretation U.K.

355 Interpretation of this Part. U.K.

(1) In this Part—

• F1 ...

• “the 1986 Act” means the M1 Insolvency Act 1986;

• “the 1989 Order” means the M2 Insolvency (Northern Ireland) Order 1989;

• [F2 “the 2016 Act” means the Bankruptcy (Scotland) Act 2016;]

• “body” means a body of persons—

  (a)

  over which the court has jurisdiction under any provision of, or made under, the 1986 Act (or the 1989 Order); but

  (b)

  which is not a building society, a friendly society or [F3 a registered society]; and

• “court” means—

  (a)

  the court having jurisdiction for the purposes of the 1985 Act or the 1986 Act; or

  (b)

  in Northern Ireland, the High Court.

• [F4 “creditors’ decision procedure” has the meaning given by section 379ZA(11) of the 1986 Act;]

• [F5 “PRA-regulated person” means a person who—

  (a)

  is or has been a PRA-authorised person,

  (b)

  is or has been an appointed representative whose principal (or one of whose principals) is, or was, a PRA-authorised person, or

  (c)

  is carrying on or has carried on a PRA-regulated activity in contravention of the general prohibition.]

• [F6 “qualifying decision procedure” has the meaning given by section 246ZE(11) of the 1986 Act.]

(2) In this Part “insurer” has such meaning as may be specified in an order made by the Treasury.

Textual Amendments

F1 Words in s. 355(1) omitted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034, art. 1, Sch. 1 para. 20(4)(a)

F2 Words in s. 355(1) inserted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034, art. 1, Sch. 1 para. 20(4)(b)

F3 Words in s. 355(1) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 70 (with Sch. 5)

F4 Words in s. 355(1) inserted (13.3.2018) by The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2018 (S.I. 2018/208), regs. 1(3), 4(2)(a) (with reg. 17)

F5 Words in s. 355(1) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 14 para. 2 (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F6 Words in s. 355(1) inserted (13.3.2018) by The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2018 (S.I. 2018/208), regs. 1(3), 4(2)(b) (with reg. 17)

Modifications etc. (not altering text)

C4 S. 355 modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), art. 5(1)(3)

Marginal Citations

M1 1986 c. 45.

M2 S.I. 1989/2405 (N.I. 19).