{
  "url": "https://openlegislation.uk/draft-payment-and-electronic-money-institution-insolvency-regulations-2021/schedule-4/paragraph-5",
  "json_url": "https://openlegislation.uk/draft-payment-and-electronic-money-institution-insolvency-regulations-2021/schedule-4/paragraph-5.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": "schedule/4/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "The IBSAR 2011",
  "text": "(1) The IBSAR 2011 are amended as follows.\n(2) In regulation 8—\n(a) after paragraph (1) insert—\n“(1A) An application for an order under regulation 8 of the Payment and Electronic Money Institution Insolvency Regulations 2021 in respect of an investment bank may not be made unless the conditions in paragraph (5) are satisfied.”;\n(b) in paragraph (8), in the definition of “preliminary steps taken in respect of an insolvency procedure”, after paragraph (a) insert—\n“(aa) an application for an order under regulation 8 of the Payment and Electronic Money Institution Insolvency Regulations 2021 has been made;”.\n(3) In regulation 22(1)—\n(a) for “or” substitute a comma;\n(b) after “administration order” insert “or an order under regulation 8 of the Payment and Electronic Money Institution Insolvency Regulations 2021”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2021/9780348222814/schedule/4/paragraph/5",
    "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."
}