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The Investment Bank Special Administration Regulations 2011

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PART 1

1.—(1) Where this Part of this Schedule applies, the enactments set out below apply with the following modifications.

(2) References to—

(a)an administrator appointed in respect of a Schedule B1 administration include a reference to an administrator appointed under a special administration order;

(b)administration under Schedule B1 or “insolvent administration” include a reference to special administration;

(c)“administration order” include a reference to a special administration order;

(d)“insolvency legislation”, the “general law of insolvency”, the “enactments relating to insolvency” and similar expressions include special administration and the provisions of the Insolvency Act as applied by these Regulations;

(e)becoming insolvent, or an “insolvency event” occurring in respect of the investment bank includes being put into special administration and “insolvency proceedings” or an “insolvency procedure” include special administration;

(f)“winding up”, being “wound up”, “wound up by the court” “going into liquidation” or “compulsory liquidation” include being put into special administration, and a “winding-up order” include a special administration order (and, in this context, “liquidator” shall be read as “administrator”);

(g)a person acting as an insolvency practitioner within the meaning of section 388 of the Insolvency Act include a person acting as an administrator under these Regulations;

(h)the provisions of the Insolvency Act include those provisions as applied and modified by these Regulations; and

(i)the provisions of the Insolvency Rules 1986(1), the Insolvency Rules (Northern Ireland) 1991(2) and the Insolvency (Scotland) Rules 1986(3) include the provisions of insolvency rules made under section 411 of the Insolvency Act as applied by regulation 15(6).

(3) A reference to insolvency or liquidation within the meaning of section 247 of the Insolvency Act includes a reference to special administration.

(4) A reference to the “purposes of the Insolvency Act 1986” includes a reference to the purposes of these Regulations.

Primary Legislation

  • Taxes Management Act 1970(4)

  • Prescription and Limitation (Scotland) Act 1973(5)

  • Companies Act 1985(6)

  • Finance Act 1986(7)

  • Companies (Northern Ireland) Order 1986(8)

  • Debtors (Scotland) Act 1987(9)

  • Companies Act 1989

  • Companies (No. 2) (Northern Ireland) Order 1990(10)

  • Taxation of Chargeable Gains Act 1992(11)

  • Pension Schemes Act 1993(12)

  • Pension Schemes (Northern Ireland) Act 1993(13)

  • Pensions Act 1995(14)

  • Pensions (Northern Ireland) Order 1995(15)

  • Proceeds of Crime (Scotland) Act 1995(16)

  • Employment Rights Act 1996(17)

  • Employment Rights (Northern Ireland) Order 1996(18)

  • Terrorism Act 2000(19)

  • Finance Act 2000(20)

  • International Criminal Court Act 2001(21)

  • International Criminal Court (Scotland) Act 2001(22)

  • Proceeds of Crime Act 2002(23)

  • Debt Arrangement and Attachment (Scotland) Act 2002(24)

  • Finance Act 2003(25)

  • Pensions Act 2004(26)

  • Pensions (Northern Ireland) Order 2005(27)

  • Companies Act 2006 (but not including section 1078 (documents subject to Directive disclosure requirements)

  • Bankruptcy and Diligence (Scotland) Act 2007(28)

  • Finance Act 2008(29)

  • Dormant Bank and Building Society Accounts Act 2008(30)

  • Corporation Tax Act 2009(31)

  • Corporation Tax Act 2010(32)

  • Taxation (International and other Provisions) Act 2010(33)

Secondary Legislation

  • Statutory Maternity Pay (General) Regulations 1986(34)

  • Statutory Maternity Pay (General) (Northern Ireland) Regulations 1987(35)

  • Insolvent Companies (Disqualification of Unfit Directors) Proceedings Rules 1987(36)

  • Financial Markets and Insolvency Regulations 1991(37)

  • Financial Markets and Insolvency Regulations (Northern Ireland) 1991(38)

  • Insolvency Regulations 1994(39)

  • Non-Domestic Rating (Unoccupied Property) (Scotland) Regulations 1994(40)

  • Insolvent Companies (Reports on Conduct of Directors) Rules 1996(41)

  • Financial Markets and Insolvency Regulations 1996(42)

  • Financial Markets and Insolvency Regulations (Northern Ireland) 1996(43)

  • Individual Savings Account Regulations 1998(44)

  • Corporation Tax (Simplified Arrangements for Group Relief) Regulations 1999(45)

  • Financial Markets and Insolvency (Settlement Finality) Regulations 1999

  • Statutory Paternity Pay and Statutory Adoption Pay (General) Regulations 2002 (46)

  • Statutory Paternity Pay and Statutory Adoption Pay (General) (Northern Ireland) Regulations 2002(47)

  • Financial Collateral Arrangements (No. 2) Regulations 2003

  • Insolvent Companies (Reports on Conduct of Directors) Rules (Northern Ireland) 2003(48)

  • Insolvent Companies (Disqualification of Unfit Directors) Proceedings Rules (Northern Ireland) 2003(49)

  • Credit Institutions (Reorganisation and Winding Up) Regulations 2004(50)

  • Insolvency Practitioners Regulations 2005(51)

  • Pension Protection Fund (Entry Rules) Regulations 2005(52)

  • Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005(53)

  • Gender Recognition (Disclosure of Information) (England, Wales and Northern Ireland) (No. 2) Order 2005(54)

  • Gender Recognition (Disclosure of Information) (Scotland) Order 2005(55)

  • Financial Assistance Scheme Regulations 2005(56)

  • Insolvency Practitioners Regulations (Northern Ireland) 2006(57)

  • Land Registration (Scotland) Rules 2006(58)

  • Companies (Cross-Border Mergers) Regulations 2007(59)

  • Regulated Covered Bonds Regulations 2008(60)

  • Companies (Trading Disclosures) Regulations 2008(61)

  • Land Registration (Network Access) Rules 2008(62)

  • Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008(63)

  • Registrar of Companies (Fees) (Companies, Overseas Companies and Limited Liability Partnerships) Regulations 2009(64)

  • Payment Services Regulations 2009(65)

  • Companies (Disclosure of Address) Regulations 2009(66)

  • Additional Statutory Paternity Pay (General) Regulations 2010(67)

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