The Investment Bank Special Administration Regulations 2011

PART 1U.K.

1.—(1) Where this Part of this Schedule applies, the enactments set out below apply with the following modifications.U.K.

(2) References to—

(a)an administrator appointed in respect of a Schedule B1 administration include a reference to an administrator appointed under a special administration order;

(b)administration under Schedule B1 or “insolvent administration” include a reference to special administration;

(c)“administration order” include a reference to a special administration order;

(d)“insolvency legislation”, the “general law of insolvency”, the “enactments relating to insolvency” and similar expressions include special administration and the provisions of the Insolvency Act as applied by these Regulations;

(e)becoming insolvent, or an “insolvency event” occurring in respect of the investment bank includes being put into special administration and “insolvency proceedings” or an “insolvency procedure” include special administration;

(f)“winding up”, being “wound up”, “wound up by the court” “going into liquidation” or “compulsory liquidation” include being put into special administration, and a “winding-up order” include a special administration order (and, in this context, “liquidator” shall be read as “administrator”);

(g)a person acting as an insolvency practitioner within the meaning of section 388 of the Insolvency Act include a person acting as an administrator under these Regulations;

(h)the provisions of the Insolvency Act include those provisions as applied and modified by these Regulations; and

(i)the provisions of the Insolvency Rules 1986 M1, the Insolvency Rules (Northern Ireland) 1991 M2 and the Insolvency (Scotland) Rules 1986 M3 include the provisions of insolvency rules made under section 411 of the Insolvency Act as applied by regulation 15(6).

(3) A reference to insolvency or liquidation within the meaning of section 247 of the Insolvency Act includes a reference to special administration.

(4) A reference to the “purposes of the Insolvency Act 1986” includes a reference to the purposes of these Regulations.

Marginal Citations

Primary LegislationU.K.

  • Taxes Management Act 1970 M4

  • Prescription and Limitation (Scotland) Act 1973 M5

  • Companies Act 1985 M6

  • Finance Act 1986 M7

  • Companies (Northern Ireland) Order 1986 M8

  • Debtors (Scotland) Act 1987 M9

  • Companies Act 1989

  • Companies (No. 2) (Northern Ireland) Order 1990 M10

  • Taxation of Chargeable Gains Act 1992 M11

  • Pension Schemes Act 1993 M12

  • Pension Schemes (Northern Ireland) Act 1993 M13

  • Pensions Act 1995 M14

  • Pensions (Northern Ireland) Order 1995 M15

  • Proceeds of Crime (Scotland) Act 1995 M16

  • Employment Rights Act 1996 M17

  • Employment Rights (Northern Ireland) Order 1996 M18

  • Terrorism Act 2000 M19

  • Finance Act 2000 M20

  • International Criminal Court Act 2001 M21

  • International Criminal Court (Scotland) Act 2001 M22

  • Proceeds of Crime Act 2002 M23

  • Debt Arrangement and Attachment (Scotland) Act 2002 M24

  • Finance Act 2003 M25

  • Pensions Act 2004 M26

  • Pensions (Northern Ireland) Order 2005 M27

  • Companies Act 2006 (but not including section 1078 (documents subject to Directive disclosure requirements)

  • Bankruptcy and Diligence (Scotland) Act 2007 M28

  • Finance Act 2008 M29

  • Dormant Bank and Building Society Accounts Act 2008 M30

  • Corporation Tax Act 2009 M31

  • Corporation Tax Act 2010 M32

  • Taxation (International and other Provisions) Act 2010 M33

Marginal Citations

M8S.I. 1986 No. 1032 (N.I. 6).

Secondary LegislationU.K.

  • Statutory Maternity Pay (General) Regulations 1986 M34

  • Statutory Maternity Pay (General) (Northern Ireland) Regulations 1987 M35

  • Insolvent Companies (Disqualification of Unfit Directors) Proceedings Rules 1987 M36

  • Financial Markets and Insolvency Regulations 1991 M37

  • Financial Markets and Insolvency Regulations (Northern Ireland) 1991 M38

  • Insolvency Regulations 1994 M39

  • Non-Domestic Rating (Unoccupied Property) (Scotland) Regulations 1994 M40

  • Insolvent Companies (Reports on Conduct of Directors) Rules 1996 M41

  • Financial Markets and Insolvency Regulations 1996 M42

  • Financial Markets and Insolvency Regulations (Northern Ireland) 1996 M43

  • Individual Savings Account Regulations 1998 M44

  • Corporation Tax (Simplified Arrangements for Group Relief) Regulations 1999 M45

  • Financial Markets and Insolvency (Settlement Finality) Regulations 1999

  • Statutory Paternity Pay and Statutory Adoption Pay (General) Regulations 2002 M46

  • Statutory Paternity Pay and Statutory Adoption Pay (General) (Northern Ireland) Regulations 2002 M47

  • Financial Collateral Arrangements (No. 2) Regulations 2003

  • Insolvent Companies (Reports on Conduct of Directors) Rules (Northern Ireland) 2003 M48

  • Insolvent Companies (Disqualification of Unfit Directors) Proceedings Rules (Northern Ireland) 2003 M49

  • Credit Institutions (Reorganisation and Winding Up) Regulations 2004 M50

  • Insolvency Practitioners Regulations 2005 M51

  • Pension Protection Fund (Entry Rules) Regulations 2005 M52

  • Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005 M53

  • Gender Recognition (Disclosure of Information) (England, Wales and Northern Ireland) (No. 2) Order 2005 M54

  • Gender Recognition (Disclosure of Information) (Scotland) Order 2005 M55

  • Financial Assistance Scheme Regulations 2005 M56

  • Insolvency Practitioners Regulations (Northern Ireland) 2006 M57

  • Land Registration (Scotland) Rules 2006 M58

  • F1...

  • Regulated Covered Bonds Regulations 2008 M59

  • [F2Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015]

  • Land Registration (Network Access) Rules 2008 M60

  • Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 M61

  • Registrar of Companies (Fees) (Companies, Overseas Companies and Limited Liability Partnerships) Regulations 2009 M62

  • Payment Services Regulations [F32017]

  • Companies (Disclosure of Address) Regulations 2009 M63

  • Additional Statutory Paternity Pay (General) Regulations 2010 M64

  • [F4Statutory Parental Bereavement Pay (General) Regulations 2020]

  • [F5Statutory Parental Bereavement Pay (General) (No. 2) Regulations (Northern Ireland) 2023]

Textual Amendments

F3Word in Sch. 6 Pt. 1 substituted (13.1.2018) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 11 (with reg. 3)

Marginal Citations