{
  "url": "https://openlegislation.uk/draft-payment-and-electronic-money-institution-insolvency-regulations-2021/regulation-45",
  "json_url": "https://openlegislation.uk/draft-payment-and-electronic-money-institution-insolvency-regulations-2021/regulation-45.json",
  "legislation": "ukdsi/2021/9780348222814",
  "legislation_title": "The Payment and Electronic Money Institution Insolvency Regulations 2021",
  "legislation_url": "https://openlegislation.uk/draft-payment-and-electronic-money-institution-insolvency-regulations-2021",
  "path": "regulation/45",
  "kind": "regulation",
  "number": "45",
  "heading": "Special administration order as an alternative order",
  "text": "(1) On the following the court may instead make a special administration order—\n(a) a petition for a winding-up order,\n(b) an application for a Schedule B1 administration order, or\n(c) an application for an order under regulation 5 of IBSAR 2011.\n(2) But a special administration order may be made under paragraph (1) only on the application of the FCA.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2021/9780348222814/regulation/45",
    "retrieved_at": "2026-10-30T14:47:23.719408+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}