Restraining orderU.K.
This section has no associated Explanatory Memorandum
159.—(1) The High Court or, in Scotland, the Court of Session may make an order under this regulation if it appears to the court on an application under this regulation that a protected cell company is proposing to act in contravention of regulation 157.
(2) An order under this regulation is an order restraining the protected cell company from contravening that regulation.
(3) An application for an order under this regulation may be made by—
(a)the FCA;
(b)a person holding securities issued by the protected cell company; or
(c)a creditor of the protected cell company.