- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
2.—(1) Schedule 4 to the Insolvency (Northern Ireland) Order 1989(1) (the categories of preferential debts) is amended as follows.
(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.”.
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.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: