Regulation 7 Consequential amendments

(1)

In section 6 of the 2010 Act (relevant persons: corporate bodies etc)—

(a)

for subsection (1) substitute—

“(1)
A body corporate or unincorporated body is a relevant person if a compromise or arrangement between the body and its creditors (or a class of them) is in force, having been sanctioned in accordance with section 899 of the Companies Act 2006^f1.”, and

(b)

in subsections (5) and (6), for “subsection (1)(a)” substitute “subsection (1)”.

(2)

In section 14(2)(b) of that Act (effect of transfer on insured’s liability), for “6(1)(a)” substitute “6(1)”.

(3)

In section 19A(1) of that Act (interpretation)—

(a)

omit “, 9(7)”, and

(b)

for “and paragraph 3(2)(b), (4) and (5)” substitute “, Schedule A1 and paragraph 3(2)(b)”.

Annotations

Footnotes

f1: 2006 c.46. Section 899 applies with modifications in relation to bank insolvency or administration under the Banking Act 2009 Parts 2 and 3 by virtue of Article 3 of and the Schedule to the Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009, S.I. 2009/317; to limited liability partnerships by virtue of regulation 45 of the Limited Liability Partnerships (Application of the Companies Act 2006) Regulations 2009 S.I. 2009/1804; and to authorised banks by virtue of regulation 29 of and Part 1, paragraph 3 of Schedule 1 to the Scottish and Northern Ireland Banknote Regulations 2009 (S.I. 2009/3056)