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The Risk Transformation Regulations 2017
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- UK Statutory Instruments
- 2017 No. 1212
- PART 4
- CHAPTER 17
- Regulation 182
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The Risk Transformation Regulations 2017, Section 182 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Restoration: who may applyU.K.
This section has no associated Explanatory Memorandum
182.—(1) An application under regulation 181(1) may be made by—
(a)any person who would have been entitled to receive notice of the cell's dissolution under regulation 178(2);
(b)the protected cell company;
(c)a director of the protected cell company;
(d)a former administrator or liquidator of the cell; or
(e)any other person appearing to have an interest in the matter.
(2) An application under regulation 181(2) may be made by—
(a)a person who is entitled to make an application under regulation 181(1) for the restoration of a cell which formed part of the protected cell company;
(b)a former director of the protected cell company;
(c)a person who would, but for the dissolution of the protected cell company, have been—
(i)a creditor of the protected cell company; or
(ii)in a contractual relationship with the protected cell company;
(d)a person with a potential legal claim against the protected cell company;
(e)a person having an interest in land or other property—
(i)in which the protected cell company had a superior or derivative interest;
(ii)that was subject to rights vested in the protected cell company; or
(iii)that received the benefit of obligations owed by the protected cell company;
(f)a person who held shares issued on behalf of the core of the protected cell company immediately prior to the dissolution of the protected cell company;
(g)a former administrator or liquidator of the core of the protected cell company;
(h)the FCA;
(i)the PRA; or
(j)any other person appearing to have an interest in the matter.
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