Paragraph 1

an administrator appointed in respect of a Schedule B1 administration include a reference to an administrator appointed under a special administration order;

administration under Schedule B1 or “insolvent administration” include a reference to special administration;

“administration order” include a reference to a special administration order;

“insolvency legislation”, the “general law of insolvency”, the “enactments relating to insolvency” and similar expressions include special administration and the provisions of the Insolvency Act as applied by these Regulations;

becoming insolvent, or an “insolvency event” occurring in respect of the investment bank includes being put into special administration and “insolvency proceedings” or an “insolvency procedure” include special administration;

“winding up”, being “wound up”, “wound up by the court” “going into liquidation” or “compulsory liquidation” include being put into special administration, and a “winding-up order” include a special administration order (and, in this context, “liquidator” shall be read as “administrator”);

a person acting as an insolvency practitioner within the meaning of section 388 of the Insolvency Act include a person acting as an administrator under these Regulations;

the provisions of the Insolvency Act include those provisions as applied and modified by these Regulations; and

the provisions of the Insolvency Rules 1986^f1, the Insolvency Rules (Northern Ireland) 1991^f2 and the Insolvency (Scotland) Rules 1986^f3 include the provisions of insolvency rules made under section 411 of the Insolvency Act as applied by regulation 15(6).