Part XXIV

Insolvency

Interpretation

Interpretation of this Part.
355
1
In this Part—
...
- “the 1986 Act” means the Insolvency Act 1986;
- “the 1989 Order” means the Insolvency (Northern Ireland) Order 1989;
- “the 2016 Act” means the Bankruptcy (Scotland) Act 2016;
- “body” means a body of persons—
  1. over which the court has jurisdiction under any provision of, or made under, the 1986 Act (or the 1989 Order); but
  2. which is not a building society, a friendly society or a registered society; and
- “court” means—
  1. the court having jurisdiction for the purposes of the 1985 Act or the 1986 Act; or
  2. in Northern Ireland, the High Court.
- “creditors’ decision procedure” has the meaning given by section 379ZA(11) of the 1986 Act;
- “
PRA-regulated person
” means a person who—
  1. is or has been a PRA-authorised person,
  2. is or has been an appointed representative whose principal (or one of whose principals) is, or was, a PRA-authorised person, or
  3. is carrying on or has carried on a PRA-regulated activity in contravention of the general prohibition.
- “qualifying decision procedure” has the meaning given by section 246ZE(11) of the 1986 Act.
2
In this Part “insurer” has such meaning as may be specified in an order made by the Treasury.
1986 c. 45.
S.I. 1989/2405 (N.I. 19).
S. 355 modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), art. 5(1)(3)
Words in s. 355(1) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 70 (with Sch. 5)
Words in s. 355(1) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 14 para. 2 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Pt. 24 applied in part (with modifications) (8.7.2021) by S.I. 2017/752, Sch. 6 para. 9 (as substituted by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), regs. 2, 48(1))
Pt. 24 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 166(2), 167(2), Sch. 2, Sch. 3 (with regs. 168, 189)
Pt. 24 applied in part (with modifications) (8.7.2021) by S.I. 2011/99, Sch. 3 para. 7 (as substituted by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), regs. 2, 48(2))
Words in s. 355(1) inserted (13.3.2018) by The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2018 (S.I. 2018/208), regs. 1(3), 4(2)(a) (with reg. 17)
Words in s. 355(1) inserted (13.3.2018) by The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2018 (S.I. 2018/208), regs. 1(3), 4(2)(b) (with reg. 17)
Words in s. 355(1) inserted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034, art. 1, Sch. 1 para. 20(4)(b)
Words in s. 355(1) omitted (30.11.2016) by The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034, art. 1, Sch. 1 para. 20(4)(a)