43.—(1) This regulation applies if the administrator has—
(a)in pursuit of Objective 3, pursued the rescue of the institution as a going concern, and
(b)thinks that this has been sufficiently achieved.
(2) The administrator must make an application in accordance with paragraph 79 of Schedule B1 [F1to the IA 1986 or, as the case may be, paragraph 80 of Schedule B1 to the I(NI)O 1989,] as applied and modified by these Regulations.
(3) An administrator who makes an application referred to in paragraph (2) must send a copy to the FCA.
Textual Amendments
F1Words in reg. 43(2) inserted (4.1.2024) by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 17
Commencement Information
I1Reg. 43 in force at 8.7.2021, see reg. 2