The Credit Institutions (Protection of Depositors)Regulations 1995

Power to obtain information

35.—(1) For subsection (2) of section 65 of the 1987 Act(1) (power to obtain information) there shall be substituted the following subsection—

“(2) Subsections (4), (5), (11) and (13) of section 39 above shall have effect in relation to any requirement imposed under subsection (1) above on a UK institution or participating non-EEA institution as they have effect in relation to a requirement imposed under this section.”

(2) In subsection (3) of that section, for the words from “the liquidator” to “require him” there shall be substituted the words “an insolvent institution or, where a person has been appointed as liquidator or administrator of such an institution, on that person, require the institution or person”.

(3) In subsection (4) of that section—

(a) for the words “having become insolvent” there shall be substituted the words “being wound up”; and

(b) for the words “the Official Assignee for company liquidations or in bankruptcy” there shall be substituted the words “the Official Receiver for Northern Ireland”.

(1)

1987 c. 22; section 65 was amended by the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405) (N.I. 19), article 381(2) and Schedule 9, Part II, paragraph 53.