PART 2 Amendment of Primary Legislation, Scottish Legislation and Northern Ireland Legislation

2 Insolvency (Northern Ireland) Order 1989
1 Schedule 4 to the Insolvency (Northern Ireland) Order 1989 (the categories of preferential debts) is amended as follows.
S.I. 1989/2405 (N.I. 19); paragraphs 20 and 21 of Schedule 4 were inserted by S.I. 2014/3486 and paragraph 21 was amended by S.I. 2015/486. There are other amendments to this paragraph which are not relevant.
2 In paragraph 20 (category 8: other deposits)—
(a) in sub-paragraph (a)—
(i) for “non-EEA” substitute “non-UK”;
(ii) for “an EEA state” substitute “the United Kingdom”;
(b) in sub-paragraph (b), for “an EEA” substitute “a UK”.
3 In paragraph 21 (interpretation for categories 6A, 7 and 8)—
(a) in sub-paragraph (3), for paragraph (b) substitute—

“(b) any micro, small or 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), 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;”

;
(c) for the words after sub-paragraph (4)(c) substitute—

“and for this purpose “the capital requirements regulation” means Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012.”

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