Search Legislation

Financial Services and Markets Act 2000

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As enacted)
 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: PART 2

 Help about opening options

Alternative versions:

Changes to legislation:

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. Help about Changes to Legislation

[F1PART 2U.K.Dealing with assets etc

Application of this Part of this ScheduleU.K.

4This Part of this Schedule applies while a write-down order has effect in relation to one or more liabilities of an insurer.

Dealing with assetsU.K.

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.

Paying variable remunerationU.K.

6The insurer may not pay variable remuneration that is not regulated by a collective bargaining agreement, except with the consent of the PRA.

DistributionsU.K.

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.]

Back to top

Options/Help