Customer insolvency
17.—(1) A customer becomes insolvent for the purposes of regulation 14 if—
(a)a company voluntary arrangement takes effect in relation to the customer under Part 1 of the Insolvency Act 1986(1);
(b)an administration order (within the meaning of Schedule B1 to that Act) is made, or a receiver or manager, or an administrative receiver, is appointed in relation to the customer;
(c)a creditors’ voluntary winding up (within the meaning of Part 4 of that Act), or a winding up by the court under Chapter 6 of Part 4 of that Act, is commenced in relation to the customer;
(d)a debt relief order is made in relation to the customer under Part 7A of that Act;
(e)an individual voluntary arrangement takes effect in relation to the customer under Part 8 of that Act;
(f)a bankruptcy order (within the meaning of Part 9 of that Act) is made in relation to the customer;
(g)any corresponding event occurs that has effect under or as a result of the law of Scotland or Northern Ireland or a country or territory outside the United Kingdom.
(2) In this Part, references to an insolvency event are references to an event described in paragraph (1)(a) to (g).