The Insurers (Reorganisation and Winding Up) Regulations 2004
PART IGENERAL
1Citation and Commencement
2Interpretation
3Scope
PART IIINSOLVENCY MEASURES AND PROCEEDINGS: JURISDICTION IN RELATION TO INSURERS
4Prohibition against winding up etc. EEA insurers in the United Kingdom
5Schemes of arrangement: EEA insurers
6Reorganisation measures and winding up proceedings in respect of EEA insurers effective in the United Kingdom
7Confirmation by the court of a creditors' voluntary winding up
PART IIIMODIFICATIONS OF THE LAW OF INSOLVENCY: NOTIFICATION AND PUBLICATION
8Modifications of the law of insolvency
9Notification of relevant decision to the Authority
10Notification of relevant decision to EEA regulators
11Publication of voluntary arrangement, administration order, winding up order or scheme of arrangement
12Notification to creditors: winding up proceedings
13Submission of claims by EEA creditors
14Reports to creditors
15Service of notices and documents
16Disclosure of confidential information received from an EEA regulator
PART IVPRIORITY OF PAYMENT OF INSURANCE CLAIMS IN WINDING UP ETC.
17Interpretation of this Part
18Application of regulations 19 to 27
19Application of this Part: certain assets excluded from insolvent estate of UK insurer
20Preferential debts: disapplication of section 175 of the 1986 Act or Article 149 of the 1989 Order
21Preferential debts: long term insurers and general insurers
22Composite insurers: preferential debts attributable to long term and general business
23Preferential debts: long term business of a non-transferring composite insurer
24Preferential debts: general business of a composite insurer
25Insufficiency of long term business assets and general business assets
26Composite insurers: excess of long term business assets and general business assets
27Composite insurers: application of other assets
28Composite insurers: proof of debts
29Composite insurers: general meetings of creditors
30Composite insurers: apportionment of costs payable out of the assets
31Summary remedy against liquidators
32Priority of subrogated claims by the Financial Services Compensation Scheme
33Voluntary arrangements: treatment of insurance debts
PART VREORGANISATION OR WINDING UP OF UK INSURERS: RECOGNITION OF EEA RIGHTS
34Application of this Part
35Application of this Part: certain assets excluded from insolvent estate of UK insurer
36Interpretation of this Part
37EEA rights: applicable law in the winding up of a UK insurer
38Employment contracts and relationships
39Contracts in connection with immovable property
40Registrable rights
41Third parties' rights in rem
42Reservation of title agreements etc.
43Creditors' rights to set off
44Regulated markets
45Detrimental acts pursuant to the law of an EEA State
46Protection of third party purchasers
47Lawsuits pending
PART VITHIRD COUNTRY INSURERS
48Interpretation of this Part
49Application of these Regulations to a third country insurer
50Disclosure of confidential information: third country insurers
PART VIIREVOCATION AND AMENDMENTS
51Amendment of the Insurers (Winding Up) Rules 2001 and the Insurers (Winding Up) (Scotland) Rules 2001
52Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002
53Revocation and Transitional
2004 No. 353
INSOLVENCY
COMPANIES

The Insurers (Reorganisation and Winding Up) Regulations 2004

Made
Laid before Parliament
Coming into force

The Treasury, being a government department designated M1 for the purposes of section 2 (2) of the European Communities Act 1972 M2 in relation to the insolvency of insurers, in exercise of the powers conferred by that section, hereby make the following Regulations: