# The Scottish and Northern Ireland Banknote Regulations 2009, Regulation 19: Interpretation


(1) In this Part—
“appointed insolvency practitioner” means an insolvency practitioner or similar office holder appointed in respect of an insolvent bank for the purposes of an insolvency process;
“insolvency process” means—
(a) liquidation;
(b) bank insolvency;
(c) the appointment of a provisional liquidator;
(d) the appointment of a provisional bank liquidator;
(e) administration;
(f) bank administration;
(g) the appointment of a provisional bank administrator;
(h) receivership;
(i) a composition between a bank and its creditors;
(j) a scheme of arrangement of a bank’s affairs; and
(k) the processes specified in Part 1 of Schedule 2;
“insolvent bank” means an authorised bank which has entered an insolvency process;
“note exchange programme” means the arrangements made by the Bank of England for the purposes of regulation 21(1);
“noteholder” means a person holding banknotes of an insolvent bank;
“protected period” means the duration of the note exchange programme.
(2) In this Part, a reference to a noteholder’s claim is a reference to a claim which is—
(a) by a noteholder against an insolvent bank; and
(b) for the payment of the total amount of money recorded as payable on the banknotes issued by that bank of which the noteholder is bearer.

---
Source: https://www.legislation.gov.uk/ukdsi/2009/9780111486306/regulation/19 (the official version)
Page: https://openlegislation.uk/draft-scottish-and-northern-ireland-banknote-regulations-2009/regulation-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.