Financial Services and Markets Act 2000 (c. 8)

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Part XXIV U.K. Insolvency

Interpretation U.K.

355 Interpretation of this Part. U.K.

(1) In this Part—

• “the 1985 Act” means the M1 Bankruptcy (Scotland) Act 1985;

• “the 1986 Act” means the M2 Insolvency Act 1986;

• “the 1989 Order” means the M3 Insolvency (Northern Ireland) Order 1989;

• “body” means a body of persons—

  (a)

  over which the court has jurisdiction under any provision of, or made under, the 1986 Act (or the 1989 Order); but

  (b)

  which is not a building society, a friendly society or an industrial and provident society; and

• “court” means—

  (a)

  the court having jurisdiction for the purposes of the 1985 Act or the 1986 Act; or

  (b)

  in Northern Ireland, the High Court.

• [F1 “PRA-regulated person” means a person who—

  (a)

  is or has been a PRA-authorised person,

  (b)

  is or has been an appointed representative whose principal (or one of whose principals) is, or was, a PRA-authorised person, or

  (c)

  is carrying on or has carried on a PRA-regulated activity in contravention of the general prohibition.]

(2) In this Part “insurer” has such meaning as may be specified in an order made by the Treasury.

Textual Amendments

F1 Words in s. 355(1) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 14 para. 2 (with Sch. 20); S.I. 2013/423, art. 3, Sch.

Modifications etc. (not altering text)

C1 S. 355 modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), art. 5(1)(3)

Marginal Citations

M1 1985 c. 66.

M2 1986 c. 45.

M3 S.I. 1989/2405 (N.I. 19).