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This is the original version (as it was originally made).
Amendment of the Insolvency Act 1986
This section has no associated Explanatory Memorandum
14.—(1) The Insolvency Act 1986() is amended as follows.
(2) In section 386 (categories of preferential debts)(), in subsection (1), after “steel production” insert “; debts owed to the Financial Services Compensation Scheme”.
(3) In Schedule 6 (the categories of preferential debts)—
(a)after paragraph 15A() insert—
“Category 6A: Debts owed to the Financial Services Compensation Scheme
15AA. Any debt owed by the debtor to the scheme manager of the Financial Services Compensation Scheme under section 215(2A) of the Financial Services and Markets Act 2000().”;
(b)in the italic heading before paragraph 15C() for “categories 7 and 8” substitute “categories 6A, 7 and 8.”;
(c)in paragraph 15C, before sub-paragraph (1) insert—
“(A1) In paragraph 15AA “the scheme manager” has the meaning given in section 212(1) of the Financial Services and Markets Act 2000.”.
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