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Financial Services (Banking Reform) Act 2013

Section 123: Restriction on making of ordinary administration orders

277.Section 123 prevents ordinary administration orders being made in respect of an infrastructure company if a FMI administration order has already been made in respect of that company. It also provides that a court may not determine an application for an ordinary administration order in respect of an infrastructure company unless the Bank of England has had 14 days’ notice of the application for the order.

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