There are currently no known outstanding effects for the The Investment Bank Special Administration Regulations 2011, Section 22.
22.—(1) On a petition for a winding up order [F1,] an application for an administration order [F2or an order under regulation 8 of the Payment and Electronic Money Institution Insolvency Regulations 2021] in respect of an investment bank the court may instead make a special administration order.
(2) Paragraph (1) is subject to regulation 3.
(3) A special administration order may be made under paragraph (1) only on the application of the [F3FCA or, where the investment bank concerned is a PRA-authorised person, the PRA].
Textual Amendments
F1Comma in reg. 22(1) substituted for word (8.7.2021) by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), reg. 2, Sch. 4 para. 5(3)(a) (with reg. 5) (as amended (4.1.2024) by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 4)
F2Words in reg. 22(1) inserted (8.7.2021) by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), reg. 2, Sch. 4 para. 5(3)(b) (with reg. 5) (as amended (4.1.2024) by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 4)
F3Words in reg. 22(3) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 198(o) (with Sch. 2 para. 213)
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