Part XXIV Insolvency

Interpretation

355 Interpretation of this Part.

(1)

In this Part—

F1...

“the 1986 Act” means the M1Insolvency Act 1986;

“the 1989 Order” means the M2Insolvency (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 F3a 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.