Paragraph 2

Unless the context otherwise requires and subject to any modification specified in the Table in Part 2 of this Schedule which has a contrary effect, the general modifications are that—

(a)

a reference to a company includes a reference to a relevant scheme;

(b)

a reference to a voluntary winding up or a resolution for voluntary winding up of a company is to be ignored;

(c)

in any provision relating to—

(i)

the service on a company of a petition, demand or order, or the giving or sending by a company of any notice or other document,

(ii)

the provision to a company of any explanation or other information, or

(iii)

an application to the court by a company or by any person in relation to a company,

a reference to the company is to be read as a reference to the operator or, in the case of a provision that has effect in relation to a company before the presentation of a winding-up petition, the operator of a relevant scheme in relation to which a written demand has been served under section 222(1)(a) (as applied by Schedule 2);

(d)

a reference to a creditor of a company is to be read as a reference to a creditor of the relevant scheme;

(e)

a reference to a contributory or to a meeting of contributories is to be ignored;

(f)

a reference to a member of a company or to a register of members is to be ignored;

(g)

a reference to the estate or to the property or assets of a company is to be read as a reference to the property subject to the relevant scheme;

(h)

a reference to a debt or liability of a company is to be read as a reference to a debt or liability of the relevant scheme; and

(i)

a reference to the registrar of companies is to be read as a reference to the FCA.

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 25) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(iv)