46.—(1) The modified version of section 7 substituted by subsection (5) is amended as follows.U.K.
(2) In subsection (4)(a) for “EEA” substitute “ UK ”.
(3) In subsection (9) for the definitions of “EEA creditor” and “normal insolvency proceedings” substitute—
““UK creditor”, in relation to a third-country institution, means a creditor of the institution who—
(a)in the case of an individual, is ordinarily resident in the United Kingdom; and
(b)in the case of a body corporate or unincorporated association, has its head office in the United Kingdom.”.
Commencement Information
I1Sch. 1 para. 46 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)