Article 7 Schedule

paragraph 6 is renumbered as paragraph 8;

for paragraphs 1 to 5, substitute—

“1.

In paragraph 49(4) of Schedule B1 (administrator’s proposals), at the end of paragraph (c) add—

“and

(d)

to the Financial Services Authority”.

2.

In paragraph 53(2) of Schedule B1 (business and result of initial creditors' meeting), at the end of paragraph (c), add—

“and

(d)

the Financial Services Authority”.

3.

In paragraph 54(2)(b) of Schedule B1 (revision of administrator’s proposals), after “creditor” insert “and to the Financial Services Authority”.

4.

In paragraph 76(1) of Schedule B1 (automatic end of administration), for “one year” substitute “30 months”.

5.

In paragraph 76(2)(b) of Schedule B1 (extension of administrator’s term of office by consent) for “six” substitute “twelve”.

6.

In paragraph 79(1) of Schedule B1 (court ending administration on application of administrator), after the first reference to “company” insert “or the Financial Services Authority”.

7.

In paragraph 91(1) of Schedule B1 (supplying vacancy in office of administrator), at the end of paragraph (e) add—

“or

(f)

the Financial Services Authority”.”; and

in paragraph 8(3) (as numbered by paragraph (a) above), for the references to “a section 23 meeting” and “the section 23 meeting” substitute, respectively, “an initial creditors' meeting” and “that meeting”.