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Regulation 22 Special administration order as an alternative order

Original text. Later amendments are not shown.

(1)

On a petition for a winding up order or an application for an administration order in respect of an investment bank the court may instead make a special administration order.

(2)

Paragraph (1) is subject to regulation 3.

(3)

A special administration order may be made under paragraph (1) only on the application of the FSA.