{
  "url": "https://openlegislation.uk/financial-market-infrastructure-administration-england-and-wales-rules-2018/article-2",
  "json_url": "https://openlegislation.uk/financial-market-infrastructure-administration-england-and-wales-rules-2018/article-2.json",
  "legislation": "uksi/2018/833",
  "legislation_title": "The Financial Market Infrastructure Administration (England and Wales) Rules 2018",
  "legislation_url": "https://openlegislation.uk/financial-market-infrastructure-administration-england-and-wales-rules-2018",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Interpretation",
  "text": "(1) In these Rules—\n“the 1986 Act” means the Insolvency Act 1986;\n“the 2000 Act” means the Financial Services and Markets Act 2000;\n“the 2013 Act” means the Financial Services (Banking Reform) Act 2013;\n“the Bank” means the Bank of England;\n“business day” means any day other than a Saturday, a Sunday, Christmas Day, Good Friday or a day which is a bank holiday in England and Wales;\n“the court”, except in the reference to the County Court in rule 12(3)(l), means the High Court;\n“designated service provider” means a company designated under section 112(4) of the 2013 Act;\n“the FCA” means the Financial Conduct Authority;\n“FMI administration” means the procedure for which provision is made by Part 6 of the 2013 Act (special administration for operators of certain infrastructure systems);\n“FMI administration application” means an application by the Bank for an FMI administration order in respect of an infrastructure company;\n“the Insolvency Rules” means the Insolvency (England and Wales) Rules 2016;\n“operator of a securities settlement system” means a company which, in relation to the securities settlement system concerned, is an infrastructure company by virtue of falling within section 112(2)(b) of the 2013 Act;\n“Payment Systems Regulator” means the body established under section 40 of the 2013 Act;\n“personal service” is a reference to personal service in accordance with Part 6 of the Civil Procedure Rules 1998;\n“the PRA” means the Prudential Regulation Authority;\n“PRA-authorised person” has the meaning given by section 2B(5) of the 2000 Act; and\n“Schedule B1” means Schedule B1 to the 1986 Act.\n(2) In these Rules the following expressions have the same meaning as in Part 6 of the 2013 Act—\n(a) “FMI administration order”;\n(b) “FMI administrator”;\n(c) “infrastructure company”;\n(d) “operator”, in relation to a recognised payment system;\n(e) “recognised payment system”; and\n(f) “securities settlement system”.\n(3) In these Rules the following expressions have the meaning given in rule 1(2) of the Insolvency Rules—\n(a) “Article 1.2 undertaking”;\n(b) “deliver” and “deliver to the creditors”;\n(c) “enforcement agent”;\n(d) “file with the court”;\n(e) “IP number”;\n(f) “main proceedings”;\n(g) “non-EC proceedings”;\n(h) “secondary proceedings”\n(i) “territorial proceedings”\n(j) “venue”; and\n(k) “witness statement”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "2000 c. 8."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Schedule 6 to the 2013 Act (conduct of FMI administration) was amended by S.I. 2017/400 and by S.I. 2018/208."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "S.I. 2016/1024, as amended by 2017/1115."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Section 112(2)(b) was substituted by S.I. 2017/1064. The substituted definition is subject to a savings provision in regulation 7(3)(b) of S.I 2017/1064."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "S.I. 1998/3132 as amended by S.I. 2004/3419. There are other amendments, but they are not relevant."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "Section 2B was substituted with the rest of Part 1A of the 2000 Act by the Financial Services Act 2012 (c.21), section 6(1)."
    },
    {
      "type": "footnote",
      "label": "f7",
      "text": "Schedule B1 was inserted by the Enterprise Act 2002 (c.40), section 248(2) and Schedule 16."
    },
    {
      "type": "footnote",
      "label": "f8",
      "text": "See sections 112, 113 and 114 of the 2013 Act."
    },
    {
      "type": "footnote",
      "label": "f9",
      "text": "The words “inter-bank” were omitted from the definitions of “operator” and “recognised payment system” by the Digital Economy Act 2017 (c. 30), section 113 and Schedule 9."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/833/article/2",
    "retrieved_at": "2026-10-28T22:55:41.268514+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."
}