Paragraph 6 Subordinate legislation

(1)

The following subordinate legislation shall apply as from time to time in force to investment banks that are limited liability partnerships in special administration and—

(a)

in case of the legislation listed in sub-paragraph (2), with such modifications as the context requires for the purpose of giving effect to the provisions of the Insolvency Act as applied by these Regulations; and

(b)

in case of the legislation listed in sub-paragraph (3), with such modifications as the context requires for the purpose of giving effect to the provisions of the Companies Act 2006 and the Disqualification Act.

(2)

The legislation referred to in sub-paragraph (1)(a) is—

(a)

The Insolvency Practitioners Regulations 2005^f1;

(b)

The Insolvency Practitioners (Recognised Professional Bodies) Order 1986^f2;

(c)

The Insolvency Proceedings Fees Order 2004^f3;

(d)

The Insolvency Practitioners Tribunal (Conduct of Investigations) Rules 1986^f4; and

(e)

insolvency rules.

(3)

The legislation referred to in sub-paragraph (1)(b) is—

(a)

The Insolvent Companies (Disqualification of Unfit Directors) Proceedings Rules 1987^f5;

(b)

The Uncertificated Securities Regulations 2001;^f6

(c)

The Insolvent Companies (Reports on Conduct of Directors) Rules 1996^f7; and

(d)

The Insolvent Companies (Reports on Conduct of Directors) (Scotland) Rules 1996^f8.

Annotations

Footnotes

f1: S.I. 2005/524.
f2: S.I. 1986/1764.
f3: S.I. 2004/593.
f4: S.I. 1986/952.
f5: S.I. 1987/ 2023.
f6: S.I. 2001/3755.
f7: S.I. 1996/ 1909.
f8: S.I. 1996/1910.