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The Investment Bank Special Administration Regulations 2011

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This is the original version (as it was originally made).

Companies Act 2006

This section has no associated Explanatory Memorandum

5.—(1) The following provisions of the Companies Act 2006 apply with the modifications set out in this paragraph.

(2) In section 461 (permitted disclosure of information obtained under compulsory powers)—

(a)subsection (4)(c) is to be read so as to include these Regulations in the list of enactments in that subsection; and

(b)subsection (4)(g) is to be read so as to include these Regulations in the list of enactments in that subsection.

(3) Any references in Part 35 (the registrar of companies) to the Insolvency Act 1986 and the Insolvency (Northern Ireland) Order 1989 are to be read as including that legislation as applied and modified by these Regulations.

(4) Where an application is made to the court for—

(a)a special administration order; or

(b)the appointment of a person under section 135 of the Insolvency Act 1986 or article 115 of the Insolvency (Northern Ireland) Order 1989 as applied by these Regulations,

sections 1139 and 1140 (service of documents on company, directors, secretaries and others) have effect subject to the provisions for service set out in rules made under section 411 of the Insolvency Act as applied and modified by regulation 15 of these Regulations.

(5) In Part 2 of Schedule 2(1) (Specified descriptions of disclosures for the purposes of section 948), under heading A—

(a)paragraph 13 is to be read so as to include these Regulations in the list of enactments in that paragraph, and

(b)paragraph 37 is to be read so as to include these Regulations in the list of enactments in that paragraph.

(6) In Part 2 of Schedule 11A(2) (Specified descriptions of disclosures for the purposes of section 1224A)—

(a)paragraph 30 is to be read so as to include these Regulations in the list of enactments in that paragraph, and

(b)paragraph 52 is to be read so as to include these Regulations in the list of enactments in that paragraph.

(1)

Schedule 2 was inserted by S.I. 2009/1208.

(2)

Schedule 11A was inserted by S.I. 2007/3494.

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