OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order applies provisions in Part II of the Insolvency Act 1986 with modifications to companies which are authorised institutions or former authorised institutions under the Banking Act 1987. The Order enables administration orders to be made in relation to such bodies, and makes special provision to permit the Bank of England to petition for such orders and for the involvement of the Bank of England and the Deposit Protection Board in the conduct of administration proceedings.