Regulation 15 Amendment of the Insolvency (Northern Ireland) Order 1989

(1)

The Insolvency (Northern Ireland) Order 1989 M1 is amended as follows.

(2)

In Article 346 (categories of preferential debts) M2, in paragraph (1), after “steel production” insert “ ; debts owed to the Financial Services Compensation Scheme ”.

(3)

In Schedule 4 (categories of preferential debts)—

(a)

after paragraph 17 insert—

“Category 6A: Debts owed to the Financial Services Compensation Scheme
17A
Any debt owed by the debtor to the scheme manager of the Financial Services Compensation Scheme under section 215(2A) of the Financial Services and Markets Act 2000.”;

(b)

in the heading before paragraph 21, for “7 and 8” substitute “ 6A, 7 and 8 ”;

(c)

in paragraph 21, before sub-paragraph (1) insert—

“(A1)
In paragraph 17A “the scheme manager” has the meaning given in section 212(1) of the Financial Services and Markets Act 2000.”.

Annotations

Marginal citations

M1: S.I. 1989/2405 (N.I. 19).
M2: Article 346 has been amended by S.I. 2005/1455 (N.I. 10), and S.I. 2014/3486.

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 18) 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)(xii)