Source: http://www.legislation.gov.uk/ukpga/2000/8/part/XXIV/2001-06-21
Timestamp: 2019-09-20 08:53:22
Document Index: 188578371

Matched Legal Cases: ['art. 2', 'art. 3', 'arts 2', 'art. 5', 'arts 2', 'art. 5']

Valid from 20/07/2001
which is not a building society, a friendly society or an industrial and provident society; and
356 Authority’s powers to participate in proceedings: company voluntary arrangements.U.K.
(1)This section applies if a voluntary arrangement has been approved under Part I of the 1986 Act (or Part II of the 1989 Order) in respect of a company or insolvent partnership which is an authorised person.
357 Authority’s powers to participate in proceedings: individual voluntary arrangements.U.K.
(1)The Authority is entitled to be heard on an application by an individual who is an authorised person under section 253 of the 1986 Act (or Article 227 of the 1989 Order).
358 Authority’s powers to participate in proceedings: trust deeds for creditors in Scotland.U.K.
(1)This section applies where a trust deed has been granted by or on behalf of a debtor who is an authorised person.
359 Petitions.U.K.
(1)The Authority may present a petition to the court under section 9 of the 1986 Act (or Article 22 of the 1989 Order) in relation to a company or insolvent partnership which—
C3S. 359(1)-(4) applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
C4S. 360 excluded (10.8.2005) by The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005 (S.I. 2005/1998), reg. 2(4)
361 Administrator’s duty to report to Authority.U.K.
C5S. 361 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
362 Authority’s powers to participate in proceedings.U.K.
(1)This section applies if a person other than the Authority presents a petition to the court under section 9 of the 1986 Act (or Article 22 of the 1989 Order) in relation to a company or partnership which—
(6)If, during the course of the administration of a company, a compromise or arrangement is proposed between the company and its creditors, or any class of them, the Authority may apply to the court under section 425 of the M4Companies Act 1985 (or Article 418 of the M5Companies (Northern Ireland) Order 1986).
C6S. 362 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
M5S.I. 1986/1032 (N.I. 6).
Valid from 15/09/2003
362A Administrator appointed by company or directorsU.K.
(b)consent under subsection (2) must accompany the notice of appointment filed under paragraph 29 of that Schedule.
C7Ss. 361-365 applied (with modifications) (N.I.) (13.9.2004) by Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004/307), reg. 6
363 Authority’s powers to participate in proceedings.U.K.
C8S. 363 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
C9Ss. 361-365 applied (with modifications) (N.I.) (13.9.2004) by Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004/307), reg. 6
364 Receiver’s duty to report to Authority.U.K.
C10S. 364 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
C11Ss. 361-365 applied (with modifications) (N.I.) (13.9.2004) by Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004/307), reg. 6
365 Authority’s powers to participate in proceedings.U.K.
(7)If, during the course of the winding up of the company, a compromise or arrangement is proposed between the company and its creditors, or any class of them, the Authority may apply to the court under section 425 of the M6Companies Act 1985 (or Article 418 of the M7Companies (Northern Ireland) Order 1986).
C12S. 365 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
C13Ss. 361-365 applied (with modifications) (N.I.) (13.9.2004) by Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004/307), reg. 6
(1)An insurer effecting or carrying out contracts of long-term insurance may not be wound up voluntarily without the consent of the Authority.
(a)sections 378(3) and 381A of the M8Companies Act 1985 (“the 1985 Act”); and
(b)Articles 386(3) and 389A of the M9Companies (Northern Ireland) Order 1986 (“the 1986 Order”).
(1)The Authority may present a petition to the court for the winding up of a body which—
C14S. 367 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
C15S. 367 applied (with modifications) (N.I.) (13.9.2004) by Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004/307), reg. 6
C16S. 367 applied (with modifications) (1.11.2009) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2)(c), 95, Sch. 5 para. 6 (with reg. 3) (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para 155(6)(f) (with Sch. 2 para. 156))
C17S. 367 applied (with modifications) (30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), regs. 1(2)(b), 62, Sch. 3 para. 7 (with reg. 3) (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 196(5)(g))
C18S. 367(3)(a) modified (1.12.2001) by S.I. 2001/3650, arts. 1(a), 15
C19S. 367(5) modified (1.12.2001) by S.I. 2001/3650, arts. 1(a), 14
The Authority may not present a petition to the court under section 367 for the winding up of—
C20S. 368 applied (with modifications) (1.11.2009) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2)(c), 95, Sch. 5 para. 6 (with reg. 3) (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 155(6)(f) (with Sch. 2 para. 156))
C21S. 368 applied (with modifications) (30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), regs. 1(2)(b), 62, Sch. 3 para. 7 (with reg. 3) (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 196(5)(g))
369 Insurers: service of petition etc. on Authority.U.K.
(1)If a person other than the Authority presents a petition for the winding up of an authorised person with permission to effect or carry out contracts of insurance, the petitioner must serve a copy of the petition on the Authority.
[F1[F1369AReclaim funds: service of petition etc on AuthorityU.K.
(3)In this section “authorised reclaim fund” means a reclaim fund within the meaning given by section 5(1) of the Dormant Bank and Building Society Accounts Act 2008 that is authorised for the purposes of this Act.]]
F1S. 369A inserted (12.3.2009) by Dormant Bank and Building Society Accounts Act 2008 (c. 31), ss. 15, 31(1), Sch. 2 para. 7; S.I. 2009/490, art. 2 (with art. 3)
370 Liquidator’s duty to report to Authority.U.K.
C22S. 370 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
C23S. 370 applied (with modifications) (N.I.) (13.9.2004) by Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004/307), reg. 6
C24S. 370 modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), art. 5(1)(6)
371 Authority’s powers to participate in proceedings.U.K.
(1)This section applies if a person other than the Authority presents a petition for the winding up of a body which—
(5)If, during the course of the winding up of a company, a compromise or arrangement is proposed between the company and its creditors, or any class of them, the Authority may apply to the court under section 425 of the M10Companies Act 1985 (or Article 418 of the M11Companies (Northern Ireland) Order 1986).
C25S. 371 applied (with modifications) (6.4.2001) by S.I. 2001/1090, regs. 1, 6
C26S. 371 applied (with modifications) (N.I.) (13.9.2004) by Limited Liability Partnerships Regulations (Northern Ireland) 2004 (S.R. 2004/307), reg. 6
M101985 c. 6.
M11S.I. 1986/1032 (N.I. 6).
(1)The Authority may present a petition to the court—
373 Insolvency practitioner’s duty to report to Authority.U.K.
374 Authority’s powers to participate in proceedings.U.K.
(1)This section applies if a person other than the Authority presents a petition to the court—
375 Authority’s right to apply for an order.U.K.
(1)The Authority may apply for an order under section 423 of the 1986 Act (or Article 367 of the 1989 Order) in relation to a debtor if—
C27S. 375 modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), art. 5(1)(7)
C28S. 375 applied (with modifications) (8.2.2011 with application in accordance with reg. 27(a) of the applying S.I.) by The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), regs. 1, 27(a), Sch. 6 para. 3(5)
C29S. 377 excluded (20.4.2003) by The Insurers (Reorganisation and Winding Up) Regulations 2003 (S.I. 2003/1102), reg. 4(6) (with reg. 3)
C30S. 377 excluded (18.2.2004) by The Insurers (Reorganisation and Winding Up) Regulations 2004 (S.I. 2004/353), reg. 4(7) (with reg. 3)