http://www.legislation.gov.uk/uksi/2002/1242/schedule/paragraph/2/made
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002
Financial service industries
Banking
King's Printer of Acts of Parliament
2015-05-18
FINANCIAL SERVICES AND MARKETS
This Order applies, in relation to insurers, Part II of the Insolvency Act 1986 with various modifications set out in the Schedule. Article 2 provides that the definition of “insurer” for these purposes is to be that contained in article 2 of the Financial Services and Markets Act 2000 (Insolvency) (Definition of “Insurer”) Order 2001 (S.I. 2001/2634). Article 3 enables administration orders to be made in relation to such insurers. Article 5 provides that insolvency rules relating to mutual credit and set-off do not apply to sums due from an insurer to another party where, at the time the sums became due, an application for an administration order had been made in relation to the insurer.
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002
Schedule paras 1–5
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) (Amendment) Order 2003
arts 2
7(b)
8
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002
Schedule
para 6
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) (Amendment) Order 2003
arts 2
7(a)
8
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002
Schedule
para 8
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) (Amendment) Order 2003
arts 2
7(c)
8
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002
Order
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2010
art. 5(a)
art. 6
art. 1(1)
The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002
reg. 3
The Insurers (Reorganisation and Winding Up) Regulations 2004
reg. 52
reg. 1
SCHEDULEMODIFICATIONS OF PART II OF THE INSOLVENCY ACT 1986 IN RELATION TO INSURERS
2
In subsection (1) of section 18 (discharge or variation of administration order), after “company” insert “or the Financial Services Authority”.