The Deposit Guarantee Scheme Regulations 2015

Amendment of the Insolvency (Northern Ireland) Order 1989U.K.

This section has no associated Explanatory Memorandum

15.—(1) The Insolvency (Northern Ireland) Order 1989 M1 is amended as follows.

(2) In Article 346 (categories of preferential debts) M2, in paragraph (1), after “steel production” insert “ ; debts owed to the Financial Services Compensation Scheme ”.

(3) In Schedule 4 (categories of preferential debts)—

(a)after paragraph 17 insert—

“Category 6A: Debts owed to the Financial Services Compensation SchemeU.K.

17A.  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 heading before paragraph 21, for “7 and 8” substitute “ 6A, 7 and 8 ”;

(c)in paragraph 21, before sub-paragraph (1) insert—

“(A1) In paragraph 17A “the scheme manager” has the meaning given in section 212(1) of the Financial Services and Markets Act 2000.”.

Marginal Citations