SCHEDULES

SCHEDULE 17Administration: minor and consequential amendments

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(1)

Section 215 (provision of Financial Services Compensation Scheme in relation to insolvency) shall be amended as follows.

(2)

In subsection (3) for “presents a petition under section 9 of the 1986 Act or Article 22 of the 1989 Order” substitute “ makes an administration application under Schedule B1 to the 1986 Act or presents a petition under Article 22 of the 1989 Order ”.

(3)

After subsection (3) insert—

“(3A)

In subsection (3) the reference to making an administration application includes a reference to—

(a)

appointing an administrator under paragraph 14 or 22 of Schedule B1 to the 1986 Act, or

(b)

filing with the court a copy of notice of intention to appoint an administrator under either of those paragraphs.”