{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-66",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-66.json",
  "legislation": "uksi/2001/3649",
  "legislation_title": "The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001",
  "path": "article/66",
  "kind": "article",
  "number": "66",
  "heading": "Companies to which Article 453 applies",
  "text": "For paragraph (1) of section 453 of the 1986 Order (order on application of the Department) substitute—\n“(1) If it appears to the Department that—\n(a) the affairs of a company to which this paragraph applies are being or have been conducted in a manner which is unfairly prejudicial to the interests of its members generally or of some part of its members, or\n(b) any actual or proposed act or omission of a company to which this paragraph applies, including an act or omission on its behalf, is or would be so prejudicial,\nthe Department may (in addition to or instead of presenting a petition for the winding up of the company) apply to the court by petition for an order under this Part.\n(1A) Paragraph (1) applies to a company in respect of which—\n(a) the Department has received a report under Article 430;\n(b) the Department has exercised its powers under Article 440 or 441;\n(c) the Secretary of State or the Financial Services Authority has exercised his or its powers under Part 11 of the Financial Services and Markets Act 2000; or\n(d) the Secretary of State has received a report from an investigator appointed by him or by the Financial Services Authority under that Part.”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 66 in force at 1.12.2001, see art. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Paragraph (1) was amended by the Companies (No.2) (Northern Ireland) Order 1990 (S.I. 1990/1504 (NI 10)), Articles 78, 113 Schedules 5 and 6, and by S.I. 1994/1696, Schedule 8 paragraph 13(5)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3649/article/66",
    "retrieved_at": "2026-10-29T07:23:30.014012+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."
}