{
  "url": "https://openlegislation.uk/financial-market-infrastructure-administration-england-and-wales-rules-2018/article-4",
  "json_url": "https://openlegislation.uk/financial-market-infrastructure-administration-england-and-wales-rules-2018/article-4.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/4",
  "kind": "article",
  "number": "4",
  "heading": "Statement of proposed FMI administrator",
  "text": "(1) An FMI administration application must be accompanied by a statement by the person nominated for appointment as FMI administrator which contains—\n(a) identification details of the infrastructure company;\n(b) the person’s name and address;\n(c) particulars of the person’s qualification to act as FMI administrator;\n(d) the person’s IP number;\n(e) the name of the recognised professional body (within the meaning given in section 391 of the 1986 Act) which is the source of the person’s authorisation;\n(f) a statement that the person consents to act as FMI administrator;\n(g) a statement whether or not the person has had any prior professional relationship with the infrastructure company, and if so, a short summary of that relationship; and\n(h) a statement that the person is of the opinion that the objective of FMI administration set out in section 115 of the 2013 Act is reasonably likely to be achieved by one or both of the means specified in section 115.\n(2) The statement must be authenticated and dated by the proposed FMI administrator.\n(3) Where the Bank proposes the appointment of two or more persons to act jointly or concurrently as the FMI administrator, each one must make a separate statement.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "By virtue of section 390(2) of the 1986 Act, as applied by Part 6 of the 2013 Act, a person is not qualified to act as an FMI administrator unless they are fully authorised to act as an insolvency practitioner or partially authorised to act as an insolvency practitioner only in relation to companies (see the 2013 Act, Schedule 6, Table 2, entry for sections 390 to 391T substituted by S.I. 2017/400)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 391 was substituted by the Small Business, Enterprise and Employment Act 2015 (c. 26), section 137(1), subsequent to its earlier substitution by the Deregulation Act 2015 (c. 20), section 17(4)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/833/article/4",
    "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."
}