{
  "url": "https://openlegislation.uk/companies-act-2006/section-901B",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-901B.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/901B",
  "kind": "section",
  "number": "901B",
  "heading": "Power to exclude companies providing financial services, etc",
  "text": "(1) The Secretary of State may by regulations provide that this Part does not apply—\n(a) where the company in respect of which a compromise or arrangement is proposed is an authorised person, or an authorised person of a specified description;\n(b) where—\n(i) a compromise or arrangement is proposed between a company, or a company of a specified description, and any creditors of the company, and\n(ii) those creditors consist of or include creditors of a specified description.\n(2) In this section—\n“authorised person” has the same meaning as in the Financial Services and Markets Act 2000 (see section 31 of that Act);\n“specified” means specified in the regulations.\n(3) Regulations under this section are subject to affirmative resolution procedure.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 26A inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 1 (with ss. 2(2), 5(2))"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Ss. 901A-901J applied (with modifications) by S.I. 2009/1804, reg. 45A (as inserted (26.6.2020) by The Limited Liability Partnerships (Amendment etc.) Regulations 2020 (S.I. 2020/643), reg. 1(1), Sch. 3 para. 3 (which amending S.I. is revoked (16.2.2021) by S.I. 2021/60, reg. 1(1), 2))"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Ss. 901A-901J applied (with modifications) (16.2.2021) by S.I. 2009/1804, reg. 45A (as inserted by The Limited Liability Partnerships (Amendment etc.) Regulations 2021 (S.I. 2021/60), reg. 1(1), Sch. 3 para. 3 (with reg. 4(2)))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/46/section/901B",
    "retrieved_at": "2026-10-29T09:13:40.060156+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}