{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-administration-orders-relating-to-insurers-order-2010/note",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-administration-orders-relating-to-insurers-order-2010/note.json",
  "legislation": "uksi/2010/3023",
  "legislation_title": "The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2010",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-administration-orders-relating-to-insurers-order-2010",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order consolidates the Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2002 (S.I. 2002/1242) and its amending instruments, applying Part 2 of the Insolvency Act 1986 in relation to insurers, and makes further modifications to Schedule B1 to that Act.\nArticle 2 enables administration orders to be made in relation to insurers, applying Part 2 of the Insolvency Act 1986 to insurers with the modifications set out in the Schedule.\nArticle 3 makes minor modifications to the Insolvency Rules 1986, ensuring that the Financial Services Authority and the Financial Services Compensation Scheme have a right to be represented at the hearing of an administration application in relation to an insurer.\nArticle 4 makes the same modifications in relation to the Insolvency (Scotland) Rules 1986.\nArticle 5 revokes the orders which previously applied Part 2 of the Insolvency Act 1986 to insurers.\nAn Impact Assessment of the effect that this Order will have on the costs of business is available on HM Treasury’s website (hm-treasury.gov.uk) and is annexed to the Explanatory Memorandum which is available alongside this Order on the legislation.gov.uk website.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2010/3023/note",
    "retrieved_at": "2026-11-05T03:41:12.943671+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."
}