SCHEDULE 4CONSEQUENTIAL AMENDMENTS

PART 3AMENDMENTS OF OTHER ENACTMENTS AND INSTRUMENTS

Financial Services and Markets Act 2000 (c.8)93

1

Section 366 of that Act (insurers carrying out contracts of long-term insurance) is amended as follows.

2

For subsection (4) substitute—

4

A winding up resolution may not be passed—

a

as a written resolution (in accordance with Chapter 2 of Part 13 of the Companies Act 2006), or

b

at a meeting called in accordance with section 307(4) to (6) or 337(2) of that Act (agreement of members to calling of meeting at short notice).

3

In subsection (5) for “section 380 of the 1985 Act (or Article 388 of the 1986 Order)” substitute “section 30 of the Companies Act 2006”.