http://www.legislation.gov.uk/uksi/2021/1178/article/240The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021enFINANCIAL SERVICES AND MARKETSINSOLVENCYStatute Law Database2024-12-04Expert Participation2022-08-10 These Rules set out the procedure for the payment institution special administration process or electronic money institution special administration process (as the case may be) under the Payment and Electronic Money Institution Insolvency Regulations 2021 (“the Regulations”). PART 11 240 The rules in this Part— a relate to the permission required under section 216 of the IA 1986 for a person to act in all or any of the ways specified in section 216(3) in relation to an institution with a prohibited name, and b prescribe the cases excepted from section 216, that is to say, those in which a person to whom that section applies may so act without that permission. Section 216 was amended by Banking Act 2009 (c. 1) and S.I. 2011/245. There are other amending instruments but none is relevant. Rule 240 in force at 12.11.2021, see rule 2