The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008

  1. Introductory Text

  2. PART 1 GENERAL

    1. 1.Citation and commencement

    2. 2.Interpretation

  3. PART 2 THE FIRST TRANSFER

    1. 3.The first transfer

    2. 4.No consent or concurrence required

    3. 5.Associated liability and interference

    4. 6.Interests, rights and liabilities of third parties relating to transferred rights and liabilities

    5. 7.Exemption of Deposits Management (Edge)

  4. PART 3 THE SECOND TRANSFER

    1. 8.The second transfer

    2. 9.Provision of information and assistance

    3. 10.No consent or concurrence required

    4. 11.Associated liability and interference

    5. 12.Interests, rights and liabilities of third parties relating to transferred rights and liabilities

  5. PART 4 FINANCIAL SERVICES COMPENSATION SCHEME

    1. 13.Application of Part 3

    2. 14.Sums to be paid to ING following the second transfer

    3. 15.Payment to ING to constitute payment of compensation for the purposes of the Financial Services Compensation Scheme

    4. 16.Liability of Kaupthing to the FSCS and the Treasury

    5. 17.FSCS’s power to require information

    6. 18.Statutory immunity

  6. PART 5 THE ADMINISTRATOR AND TRANSITIONAL PROVISIONS

    1. 19.Application of this Part

    2. 20.The administration

    3. 21.Objectives etc. of the administrator

    4. 22.Insolvency Act and Insolvency Rules etc.

    5. 23.Services and facilities

    6. 24.Use of the Kaupthing brand

    7. 25.Compensation payable to Kaupthing

    8. 26.Continuity

    9. 27.Moratorium on payment to related companies

  7. PART 6 MISCELLANEOUS

    1. 28.Construction of documents etc.

    2. 29.Modification to Authority’s rule-making power

    3. 30.Modification to Authority’s duty to consult on rule changes

    4. 31.Freedom of information

    5. 32.Proceedings against directors

    6. 33.Immunity of Bank

    7. 34.Transfer of data

  8. Signature

    1. SCHEDULE

      SERVICES AND FACILITIES

      1. 1.Website hosting services or facilities.

      2. 2.Information technology services or facilities.

      3. 3.Back office processing services or facilities.

      4. 4.Call centre services or facilities.

      5. 5.Payment and clearing services or facilities.

  10. Explanatory Note