Financial Services and Markets Act 2000

220 Scheme manager’s power to inspect information held by liquidator etc.U.K.

This section has no associated Explanatory Notes

(1)For the purpose of assisting the scheme manager to discharge its functions in relation to a claim made in respect of an insolvent relevant person [F1or insolvent relevant exchange], a person to whom this section applies must permit a person authorised by the scheme manager to inspect relevant documents.

(2)A person inspecting a document under this section may take copies of, or extracts from, the document.

(3)This section applies to—

(a)the administrative receiver, administrator, liquidator [F2, bank liquidator][F3, building society liquidator] or trustee in bankruptcy of an insolvent relevant person [F4or insolvent relevant exchange];

(b)the [F5trustee in the sequestration, under the Bankruptcy (Scotland) Act 2016, of] the estate of an insolvent relevant person [F6or insolvent relevant exchange].

(4)This section does not apply to a liquidator, administrator or trustee in bankruptcy who is—

(a)the Official Receiver;

(b)the Official Receiver for Northern Ireland; or

(c)the Accountant in Bankruptcy.

(5)Relevant person[F7and “relevant exchange”] [F8have] the same meaning as in section 224.

Textual Amendments

F1Words in s. 220(1) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 2 para. 27(2) (with reg. 7)

F2Words in s. 220(3)(a) inserted (17.2.2009 for certain purposes and 21.2.2009 otherwise) by Banking Act 2009 (c. 1), ss. 123(3), 263(1)(2) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch.

F4Words in s. 220(3)(a) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 2 para. 27(3)(a) (with reg. 7)

F6Words in s. 220(3)(b) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 2 para. 27(3)(b) (with reg. 7)

F7Words in s. 220(5) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 2 para. 27(4)(a) (with reg. 7)

F8Word in s. 220(5) substituted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 2 para. 27(4)(b) (with reg. 7)

Modifications etc. (not altering text)

C1S. 220 extended (1.12.2001) by S.I. 2001/2967, arts. 1(2), 8, 12(4)(c); S.I. 2001/3538, art. 2(1)

C2S. 220(3) 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), reg. 27, Sch. 6 Pt. 2 para. 3(3)