PART VII U.K. REVOCATION AND AMENDMENTS

Amendment of the Insurers (Winding Up) Rules 2001 and the Insurers (Winding Up) (Scotland) Rules 2001 U.K.

51.—(1) The Insurers (Winding Up) Rules 2001 M1 (“the Winding Up Rules”) and the Insurers (Winding Up) (Scotland) Rules 2001 M2 (“the Scottish Winding Up Rules”) are amended as follows—

(2) In Rule 24 paragraph 1A(b) of the Winding Up Rules (meetings of creditors)or “regulation 29 Insurers (Reorganisation and Winding Up) Regulations 2003 M3 ” substitute “[F1 regulation 29 of the Insurers (Reorganisation and Winding Up) Regulations 2004]”,

(3) In Rule 24 (1A)(b) of the Winding Up (Scotland) Rules, for “regulation 28 of Insurers (Reorganisation and Winding Up) Regulations 2003 M4 ”, substitute “ regulation 28 of the Insurers (Reorganisation and Winding Up) Regulations 2004 ”.

Textual Amendments

F1 Words in reg. 51(2) substituted (3.3.2004) by The Insurers (Reorganisation and Winding Up) (Amendment) Regulations 2004 (S.I. 2004/546), regs. 1, 2(6)

Marginal Citations

M1 S.I. 2001/3635.

M2 S.I. 2001/4040, paragraph 1A was inserted into Rule 24 by S.I. 2003/1102.

M3 S.I. 2003/1102.

M4 S.I. 2003/1102.

Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002 U.K.

F2 52.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F2 Reg. 52 revoked (1.2.2011) by The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2010 (S.I. 2010/3023), arts. 1(1), 5(c) (with art. 6)

Revocation and Transitional U.K.

53.—(1) Except as provided in this regulation, the Insurers (Reorganisation and Winding Up) Regulations 2003 are revoked.

(2) Subject to (3), the provisions of Parts III and IV shall continue in force in respect of decisions orders or appointments referred to therein and made before the coming into force of these Regulations.

(3) Where an administrator has been appointed in respect of a UK insurer on or after 15th September 2003, he shall be treated as being so appointed on the date these regulations come into force.