Paragraph 124 The Cross-Border Insolvency Regulations (Northern Ireland) 2007I1

for sub-paragraph (6) substitute—

“(6)

References in this Schedule to a debtor who is of interest to the Financial Conduct Authority are references to a debtor who—

(a)

is, or has been, an authorised person within the meaning of the Financial Services and Markets Act 2000;

(b)

is, or has been an appointed representative within the meaning of section 39 of the Financial Services and Markets Act 2000; or

(c)

is carrying on, or has carried on, a regulated activity within the meaning of the Financial Services and Markets Act 2000) in contravention of the general prohibition.

(6A)

References in this Schedule to a debtor who is of interest to the Prudential Regulation Authority are references to a debtor who—

(a)

is, or has been, a PRA-authorised person within the meaning of the Financial Services and Markets Act 2000; or

(b)

is carrying on, or has carried on, a PRA-regulated activity within the meaning of the Financial Services and Markets Act 2000 in contravention of the general prohibition.”;

in sub-paragraph (7), for “sub-paragraph (6)” substitute “sub-paragraphs (6) and (6A)”;

at the end of paragraph (h) omit “and”;

for paragraph (i) substitute—

“(i)

if the debtor is a debtor who is of interest to the Financial Conduct Authority, on that Authority; and

(j)

if the debtor is a debtor who is of interest to the Prudential Regulation Authority, on that Authority.”;