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The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009
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- 2009 No. 317
- PART 3
- Article 4
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Finance (No 2) Act 1992
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4.—(1) The following provision of the Finance (No 2) Act 1992(1) applies with the modification set out in this article.
(2) Paragraph 2 of Schedule 12 (Banks etc. in Compulsory Liquidation) is to be read as if it included the following—
“(3A) Where the company is a bank (as defined in section 91 of the Banking Act 2009), bank insolvency proceedings shall be taken to have commenced against the bank when the application for a bank insolvency order is made to the court under section 95 of the Banking Act 2009.”.
(1)
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