# The Payment and Electronic Money Institution Insolvency Regulations 2021, Regulation 45: Special administration order as an alternative order


(1) On the following the court may instead make a special administration order—
(a) a petition for a winding-up order,
(b) an application for a Schedule B1 administration order, or
(c) an application for an order under regulation 5 of IBSAR 2011.
(2) But a special administration order may be made under paragraph (1) only on the application of the FCA.

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Source: https://www.legislation.gov.uk/ukdsi/2021/9780348222814/regulation/45 (the official version)
Page: https://openlegislation.uk/draft-payment-and-electronic-money-institution-insolvency-regulations-2021/regulation-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.