The Banks and Building Societies (Priorities on Insolvency) Order 2018 (revoked)

PART 1Introductory Provisions

1Citation and commencement

3Transitional provision

PART 2Amendments of the Insolvency Act 1986

5Non-preferential debts in company voluntary arrangements

6Non-preferential debts in winding up of companies

7Non-preferential debts in individual voluntary arrangements

8Non-preferential debts in bankruptcy proceedings

9In section 329 (debts to spouse or civil partner), in...

10Interpretation

11After section 387 insert— Financial institutions and their non-preferential debts...

12Moratorium where directors propose voluntary arrangement

13Administration and secondary non-preferential debts

PART 3Amendments of the Banking Act 2009

14Amendments of the Banking Act 2009

PART 4Amendments of the Insolvent Partnerships Order 1994

15Amendments of the Insolvent Partnerships Order 1994

16In paragraph (3) of Article 4 (Voluntary arrangement of insolvent...

17In paragraph (5) of Article 6 (Administration in relation to...

18(1) Schedule 1 (modified provisions of Part 1 of, and...

19(1) Schedule 2 to the Insolvent Partnerships Order 1994 (modified...

20(1) Paragraph 23 of Schedule 4 (provisions of the Insolvency...

21(1) Paragraph 21 of Schedule 7 (provisions of the Insolvency...

PART 5Amendments of the Insolvency (Northern Ireland) Order 1989

23Non-preferential debts in company voluntary arrangements

24Non-preferential debts in winding up of companies

25Non-preferential debts in individual voluntary arrangements

26Non-preferential debts in bankruptcy proceedings

27In Article 302 (debts to spouse or civil partner), in...

28Interpretation

29After Article 347 insert— Financial institutions and their non-preferential debts...

30Moratorium where directors propose voluntary arrangement

31Administration and secondary non-preferential debts

PART 6Amendments of Insolvent Partnerships Order (Northern Ireland) 1995

32Amendments to the Insolvent Partnerships Order (Northern Ireland) 1995

33In paragraph (3) of Article 4 (voluntary arrangement of insolvent...

34In paragraph (3) of Article 6 (administration in relation to...

35In Schedule 1 (modified provisions of Part II of, and...

36(1) Schedule 2 (modified provisions of Schedule B1 to the...

37(1) Paragraph 23 of Schedule 4 (provisions of the 1989...

38(1) Paragraph 21 of Schedule 7 (provisions of the 1989...

PART 7Further Amendments relating to Parts 2 to 6

39Housing Act 1996

40Housing and Regeneration Act 2008

41Housing (Scotland) Act 2010

42Bankruptcy (Scotland) Act 2016

43(1) Section 129 (priority in distribution) is amended as follows....

44After section 129 insert— Section 129: interpretation (1) In this Act, “secondary non-preferential debts” means non-preferential debts...

45In section 228 (interpretation), in subsection (1), omit the definition...

46Amendment of the Investment Bank Special Administration Regulations 2011

2018 No. 1244

Financial Services

Banks And Banking

Building Societies

The Banks and Building Societies (Priorities on Insolvency) Order 2018 (revoked)F1

Made27th November 2018

Laid before Parliament28th November 2018

Coming into force19th December 2018

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations:

Amendments (Textual)

F1

Order revoked (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/779, reg. 3(b), Sch.