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Financial Services (Banking Reform) Act 2013

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This is the original version (as it was originally enacted).

127Interpretation of Part

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(1)In this Part—

  • “the 1986 Act” means the Insolvency Act 1986;

  • “business”, “member”, “property” and “security” have the same meaning as in the 1986 Act;

  • “company” has the meaning given by section 113;

  • “the court” means—

    (a)

    in England and Wales and Northern Ireland, the High Court;

    (b)

    in Scotland, the Court of Session;

  • “FMI administration order” and “FMI administrator” are to be read in accordance with section 114;

  • “infrastructure company” has the meaning given by section 112;

  • “operator”, in relation to a recognised inter-bank payment system, has the meaning given by section 113;

  • “recognised inter-bank payment system” has the meaning given by section 113;

  • “regulated activity” has the same meaning as in FSMA 2000;

  • “the relevant system” has the meaning given by section 113;

  • “securities settlement system” has the meaning given by section 113.

(2)In this Part references to the FMI administrator of a company include a person appointed under paragraph 91 or 103 of Schedule B1 to the 1986 Act, as applied by Schedule 6 to this Act, to be the FMI administrator of a company.

(3)In this Part references to a person qualified to act as an insolvency practitioner in relation to a company are to be read in accordance with Part 13 of the 1986 Act, but as if references in that Part to a company included a company registered under the Companies Act 2006 in Northern Ireland.

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