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The Banks and Building Societies (Priorities on Insolvency) Order 2018

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  1. Introductory Text

  2. PART 1 Introductory Provisions

    1. 1.Citation and commencement

    2. 2.Extent

    3. 3.Transitional provision

  3. PART 2 Amendments of the Insolvency Act 1986

    1. 4.Introduction

    2. 5.Non-preferential debts in company voluntary arrangements

    3. 6.Non-preferential debts in winding up of companies

    4. 7.Non-preferential debts in individual voluntary arrangements

    5. 8.Non-preferential debts in bankruptcy proceedings

    6. 9.In section 329 (debts to spouse or civil partner), in...

    7. 10.Interpretation

    8. 11.After section 387 insert— Financial institutions and their non-preferential debts...

    9. 12.Moratorium where directors propose voluntary arrangement

    10. 13.Administration and secondary non-preferential debts

  4. PART 3 Amendments of the Banking Act 2009

    1. 14.Amendments of the Banking Act 2009

  5. PART 4 Amendments of the Insolvent Partnerships Order 1994

    1. 15.Amendments of the Insolvent Partnerships Order 1994

    2. 16.In paragraph (3) of Article 4 (Voluntary arrangement of insolvent...

    3. 17.In paragraph (5) of Article 6 (Administration in relation to...

    4. 18.(1) Schedule 1 (modified provisions of Part 1 of, and...

    5. 19.(1) Schedule 2 to the Insolvent Partnerships Order 1994 (modified...

    6. 20.(1) Paragraph 23 of Schedule 4 (provisions of the Insolvency...

    7. 21.(1) Paragraph 21 of Schedule 7 (provisions of the Insolvency...

  6. PART 5 Amendments of the Insolvency (Northern Ireland) Order 1989

    1. 22.Introduction

    2. 23.Non-preferential debts in company voluntary arrangements

    3. 24.Non-preferential debts in winding up of companies

    4. 25.Non-preferential debts in individual voluntary arrangements

    5. 26.Non-preferential debts in bankruptcy proceedings

    6. 27.In Article 302 (debts to spouse or civil partner), in...

    7. 28.Interpretation

    8. 29.After Article 347 insert— Financial institutions and their non-preferential debts...

    9. 30.Moratorium where directors propose voluntary arrangement

    10. 31.Administration and secondary non-preferential debts

  7. PART 6 Amendments of Insolvent Partnerships Order (Northern Ireland) 1995

    1. 32.Amendments to the Insolvent Partnerships Order (Northern Ireland) 1995

    2. 33.In paragraph (3) of Article 4 (voluntary arrangement of insolvent...

    3. 34.In paragraph (3) of Article 6 (administration in relation to...

    4. 35.In Schedule 1 (modified provisions of Part II of, and...

    5. 36.(1) Schedule 2 (modified provisions of Schedule B1 to the...

    6. 37.(1) Paragraph 23 of Schedule 4 (provisions of the 1989...

    7. 38.(1) Paragraph 21 of Schedule 7 (provisions of the 1989...

  8. PART 7 Further Amendments relating to Parts 2 to 6

    1. 39.Housing Act 1996

    2. 40.Housing and Regeneration Act 2008

    3. 41.Housing (Scotland) Act 2010

    4. 42.Bankruptcy (Scotland) Act 2016

    5. 43.(1) Section 129 (priority in distribution) is amended as follows....

    6. 44.After section 129 insert— Section 129: interpretation (1) In this Act, “secondary non-preferential debts” means non-preferential debts...

    7. 45.In section 228 (interpretation), in subsection (1), omit the definition...

    8. 46.Amendment of the Investment Bank Special Administration Regulations 2011

  9. PART 8 Review

    1. 47.Review

  10. Signature

  11. Explanatory Note

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