Relevant persons: bodies in insolvency or administration under sectoral legislation3
1
In section 6 of the 2010 Act (relevant persons: corporate bodies etc), after subsection (4) insert—
4A
A body corporate or unincorporated body is a relevant person if it is in insolvency under Part 2 of the Banking Act 20093.
4B
A body corporate or unincorporated body is a relevant person if it is in administration under relevant sectoral legislation as defined in Schedule A1.
2
Before Schedule 1 to that Act insert—
SCHEDULE A1Administration under relevant sectoral legislation
For the purposes of section 6(4B)—
a
a body is in administration under relevant sectoral legislation if the appointment of an administrator of the body under an enactment listed below has effect, and
b
the body does not cease to be in administration merely because an administrator vacates office (by reason of resignation, death or otherwise) or is removed from office.
List of Enactments
Aviation
Chapter 1 of Part 1 of the Transport Act 20004
Energy
Chapter 3 of Part 3 of the Energy Act 20045
Chapter 5 of Part 2 of the Energy Act 20116
Part 2 of the Energy Act (Northern Ireland) 2011 (c.6 (N.I.))
Financial Services
Part 2 of the Insolvency Act 19867 (as it has effect by virtue of section 249 of the Enterprise Act 20028), as applied by Schedule 15A to the Building Societies Act 19869
Part 3 of the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I.19)) (as it has effect by virtue of article 4 of the Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I.10))), as applied by Schedule 15A to the Building Societies Act 1986
Part 3 of the Banking Act 200910
Investment Bank Special Administration Regulations 2011 (S.I. 2011/245)
Part 6 of the Financial Services (Banking Reform) Act 201311
Postal Services
Part 4 of the Postal Services Act 201112
Railways
Water and sewerage
Chapter 2 of Part 2 of the Water Industry Act 199115
Chapter 2 of Part 3 of the Water and Sewerage Services (Northern Ireland) Order 2006 (S.I. 2006/3336 (N.I. 21))