SCHEDULE 2Amendments of other primary legislation

Regulation 3

Amendments of the Insolvency Act 1986I11

Schedule 6 to the Insolvency Act 1986 (preferential debts) is amended in accordance with paragraphs 2 and 3.

I22

In paragraph 15BB M1—

a

in sub-paragraph (a)—

i

for “non-EEA” substitute “ non-UK ”; and

ii

for “an EEA state” substitute “ the United Kingdom ”;

b

in sub-paragraph (b), for “an EEA” substitute “ a UK ”.

I33

In paragraph 15C M2—

a

in sub-paragraph (3) for paragraph (b) substitute—

b

any micro, small and medium-sized enterprise, as defined with regard to the annual turnover criterion referred to in Article 2(1) of the Annex to Commission recommendation 2003/361/EC.

b

in sub-paragraph (4)—

i

for paragraphs (b) and (c) substitute—

b

“non-UK branch” means a branch, as defined in Article 4.1(17) of the capital requirements regulation, which is established outside the United Kingdom;

c

“UK branch” means a branch, as so defined, which is established in the United Kingdom,

ii

at the end, insert “ , as it F1forms part of retained EU law”.

Amendments of the Financial Services (Banking Reform) Act 2013I44

Paragraph 5 of Schedule 7 to the Financial Services (Banking Reform) Act 2013 (provision that may be made by a financial market infrastructure transfer scheme) is amended as follows—

a

at the end of sub-paragraph (2)(e), insert the words “ (including under legislation of the European Union) ”; and

b

in sub-paragraph (2)(f), omit “, EU instrument”.