# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 66: Companies to which Article 453 applies

Extent: E+W+S+N.I.

For paragraph (1) of section 453 of the 1986 Order (order on application of the Department) substitute—
“(1) If it appears to the Department that—
(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
(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,
the 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.
(1A) Paragraph (1) applies to a company in respect of which—
(a) the Department has received a report under Article 430;
(b) the Department has exercised its powers under Article 440 or 441;
(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
(d) the Secretary of State has received a report from an investigator appointed by him or by the Financial Services Authority under that Part.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/66 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-66
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.