The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023

1. Introductory Text

2. 1. Citation, commencement and extent

3. 2. Amendment of the Payment and Electronic Money Institution Insolvency Regulations 2021

4. 3. Extent

5. 4. Application: Scottish partnerships

6. 5. Definitions

7. 6. Application for order

8. 7. Grounds for applying

9. 8. Powers of the court

10. 9. Notice to the FCA: other proceedings

11. 10. Objectives 1 and 3: PPTAs capital markets arrangements

12. 11. Application of the IA 1986 in England, Wales and Scotland

13. 12. Application of the I(NI)O 1989

14. 13. FCA direction

15. 14. Administrator’s proposals in the event of FCA direction

16. 15. FCA direction withdrawn

17. 16. Safeguarding failures: costs of the administration

18. 17. Successful rescue

19. 18. Dissolution or voluntary arrangement

20. 19. Disqualification of directors

21. 20. Further provision on special administration: Schedules 1 and 2

22. 21. Amendments to Schedule 3

23. Signature

24. 1. SCHEDULE 1

       Inserted Schedule 1A to the Payment and Electronic Money Institution Insolvency Regulations 2021

    2. SCHEDULE 2

       Inserted Schedule 2A to the Payment and Electronic Money Institution Insolvency Regulations 2021

25. Explanatory Note