Source: http://www.legislation.gov.uk/uksi/2018/208/part/2/made
Timestamp: 2018-10-15 20:48:00
Document Index: 707243924

Matched Legal Cases: ['art 2', 'arts 4', 'art 2', 'arts 1', 'art 2', 'arts 4']

2.—(1) The Building Societies Act 1986(1) is amended as follows.
(2) In Schedule 15 (application of companies winding up legislation to building societies), in Part 2 (modified application of Insolvency Act 1986 Parts 4, 12 and 13)(2)—
(3) In Schedule 15A (application of other companies insolvency legislation to building societies), in Part 2 (modified application of Parts 1 to 3 and 13 of Insolvency Act 1986)(3)—
3. In Schedule 10 to the Friendly Societies Act 1992(4) (application of companies winding up legislation to incorporated friendly societies), in Part 2 (modified application of Insolvency Act 1986 Parts 4, 12 and 13)(5)—
4.—(1) The Financial Services and Markets Act 2000(6) is amended as follows.
““creditors’ decision procedure” has the meaning given by section 379ZA(11)(7) of the 1986 Act;”; and
(3) In section 357(8) (powers of FCA and PRA to participate in proceedings: individual voluntary arrangements)—
(b)the appropriate regulator or a person appointed by the appropriate regulator is entitled to participate in (but not vote in) the creditors’ decision procedure by which the decision is made(9).
(4) In section 362(10) (powers of FCA and PRA to participate in proceedings: administration)—
(5) In section 365(11) (powers of FCA and PRA to participate in proceedings: voluntary winding up)—
(6) In section 371(12) (powers of FCA and PRA to participate in proceedings: winding up by the court)—
(7) In section 374(13) (powers of FCA and PRA to participate in proceedings: bankruptcy)—
5.—(1) The Banking Act 2009(14) is amended as follows.
(2) In section 103(15) (general powers and duties of bank liquidators and effect of bank insolvency) after subsection (6) insert—
(4) In section 145(16) (general powers and duties of bank administrators and effect of bank administration) after subsection (6) insert—
(5) In Table 1 in section 145 (Table of applied provisions of the Insolvency Act 1986, Schedule B1(17))—
“(3A) Sections 2 to 6 and 7 and Schedule A1(18) have effect without the amendments of those provisions made by paragraphs 2 to 9 of Schedule 9 to the Small Business, Enterprise and Employment Act 2015 (further amendments relating to the abolition of requirements to hold meetings).”.
6. In Schedule 6 to the Financial Services (Banking Reform) Act 2013(19) (conduct of FMI administration)—
(b)in Table 2 (other applied provisions of the Insolvency Act 1986) after the entry for section 246ZD(20) insert—
“Sections 246ZE and 246ZF(21) Decisions by creditors (company insolvency)
Section 246C(22) Creditors’ ability to opt out of receiving certain notices
Section 248A(23) Meaning of “opted-out creditor””