# The Banks and Building Societies (Depositor Preference and Priorities) Order 2014, Article 20: Categories of preferential debts


(1) Article 346 of the Insolvency (Northern Ireland) Order 1989 (categories of preferential debts) is amended as follows.
(2) In paragraph (1), after “steel production” insert “; deposits covered by the Financial Services Compensation Scheme; other deposits”.
(3) After paragraph (1), insert—
“(1A) A reference in this Order to the “ordinary preferential debts” of a company or an individual is to the preferential debts listed in any of paragraphs 8 to 18 of Schedule 4 to this Order.
(1B) A reference in this Order to the “secondary preferential debts” of a company or an individual is to the preferential debts listed in paragraphs 19 or 20 of Schedule 4 to this Order.”.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123676/article/20 (the official version)
Page: https://openlegislation.uk/draft-banks-and-building-societies-depositor-preference-and-priorities-order-2014/article-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.