# The Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers)(Northern Ireland) Order 2007, Article 4: Mutual credit and set-off


Where an insurer, in relation to which an administration order has been made subsequently goes into liquidation, sums due from the insurer to another party are not to be included in the account of mutual dealings rendered under rule 4.096 of the 1991 Rules (mutual credits and set-off) if, at the time they became due, an administration application had been made under paragraph 13 of Schedule B1 to the 1989 Order in relation to the insurer.

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Source: https://www.legislation.gov.uk/uksi/2007/846/article/4 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-administration-orders-relating-to-insurersnorthern-ireland-order-2007/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.