- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
7.—(1) In section 6 of the 2010 Act (relevant persons: corporate bodies etc)—
(a)for subsection (1) substitute—
“(1) A body corporate or unincorporated body is a relevant person if a compromise or arrangement between the body and its creditors (or a class of them) is in force, having been sanctioned in accordance with section 899 of the Companies Act 2006(1).”, and
(b)in subsections (5) and (6), for “subsection (1)(a)” substitute “subsection (1)”.
(2) In section 14(2)(b) of that Act (effect of transfer on insured’s liability), for “6(1)(a)” substitute “6(1)”.
(3) In section 19A(1) of that Act (interpretation)—
(a)omit “, 9(7)”, and
(b)for “and paragraph 3(2)(b), (4) and (5)” substitute “, Schedule A1 and paragraph 3(2)(b)”.
2006 c.46. Section 899 applies with modifications in relation to bank insolvency or administration under the Banking Act 2009 Parts 2 and 3 by virtue of Article 3 of and the Schedule to the Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009, S.I. 2009/317; to limited liability partnerships by virtue of regulation 45 of the Limited Liability Partnerships (Application of the Companies Act 2006) Regulations 2009 S.I. 2009/1804; and to authorised banks by virtue of regulation 29 of and Part 1, paragraph 3 of Schedule 1 to the Scottish and Northern Ireland Banknote Regulations 2009 (S.I. 2009/3056)
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: