There are outstanding changes not yet made by the legislation.gov.uk editorial team to Financial Services and Markets Act 2000. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Textual Amendments
F1Sch. 19B inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(e), Sch. 12 para. 3
4This Part of this Schedule applies while a write-down order has effect in relation to one or more liabilities of an insurer.
5The insurer may not dispose of, or otherwise deal with, any of its assets (whether in the United Kingdom or elsewhere) except—
(a)in the ordinary way of the insurer’s business, or
(b)with the consent of the PRA.
6The insurer may not pay variable remuneration that is not regulated by a collective bargaining agreement, except with the consent of the PRA.
7The insurer may not make a distribution, within the meaning of Part 23 of the Companies Act 2006, except with the consent of the PRA.]
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