General

Amendments of Financial Services and Markets Act 2000 and repeals.
15
1
The enactments mentioned in Schedule 5 are repealed to the extent specified.
2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Section 356 of that Act (Authority’s powers to participate in proceedings: company voluntary arrangements) is amended as follows—
a
for subsection (1), there is substituted—
1
Where a voluntary arrangement has effect under Part I of the 1986 Act in respect of a company or insolvent partnership which is an authorised person, the Authority may apply to the court under section 6 or 7 of that Act.
,
b
for subsection (2), there is substituted—
2
Where a voluntary arrangement has been approved under Part II of the 1989 Order in respect of a company or insolvent partnership which is an authorised person, the Authority may apply to the court under Article 19 or 20 of that Order.
,
c
in subsection (3), for “either” there is substituted “ any ”.
S. 15 wholly in force at 1.1.2003; s. 15 not in force at Royal Assent see s. 16(1); s. 15(1) in force for specified purposes at 2.4.2001 by S.I. 2001/766, art. 2(1)(c) (subject to art. 3); S. 15 in force at 1.1.2003 insofar as not already in force by S.I. 2002/2711, art. 2 (subject to transitional provisions in arts. 3-5)
S. 15(2) repealed (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 19 (with Sch. 20); S.I. 2013/423, art. 3, Sch.