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Article 3 Modification of Part II of the 1986 Act in relation to insurers

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Part II of the 1986 Act (administration orders) applies in relation to insurers with the modifications specified in the Schedule to this Order, and accordingly section 8(5)(a)f1 of that Act does not preclude the making of an administration order in relation to an insurer.

Annotations

Footnotes

f1

Section 8(5) was added by the Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), article 304.