The Payment and Electronic Money Institution Insolvency Regulations 2021

This section has no associated Explanatory Memorandum

9.  Article 18 of and Schedule 10 to the IPO 1994 apply to institutions which are formed as partnerships—U.K.

(a)reading article 18 as if—

(i)in paragraph (1) from “giving effect” to “this Order” were substituted with “giving effect to the provisions of the IA 1986 and the CDDA 1986 as applied and modified by these Regulations”;

(ii)in paragraph (2) the reference to the IPO 1994 were to these Regulations;

(b)reading Schedule 10 as if the list of legislation included any special administration insolvency rules and the following legislation were omitted—

The Insolvency Proceedings (Monetary Limits) Order 1986

The Administration of Insolvent Estates of Deceased Persons Order 1986

The Insolvency (Amendment of Subordinate Legislation) Order 1986

The Companies (Disqualification Orders) Regulations 2001

The Co-operation of Insolvency Courts (Designation of Relevant Countries and Territories) Order 1986

The Insolvency Practitioners and Insolvency Services Accounts (Fees) Order 2003

The Insolvency Proceedings (Fees) Order 2004.

Commencement Information

I1Sch. 2 para. 9 in force at 8.7.2021, see reg. 2