{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-order-2002/article-57",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-order-2002/article-57.json",
  "legislation": "uksi/2002/1555",
  "legislation_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-order-2002",
  "path": "article/57",
  "kind": "article",
  "number": "57",
  "heading": "Limitation of power to make an administration order",
  "text": "(1) Paragraph (5) of Article 21 of the Insolvency (Northern Ireland) Order 1989 (restrictions on making of administration order) is amended as follows.\n(2) For sub-paragraph (a) substitute—\n“(a) it carries on a regulated activity of effecting or carrying out contracts of insurance but is not—\n(i) exempt from the general prohibition, within the meaning of section 19 of the Financial Services and Markets Act 2000, in respect of that activity, or\n(ii) an authorised deposit taker within the meaning given by paragraph (1B), and carrying on that activity in the course of, or for the purposes of, a banking business;”.\n(3) In sub-paragraph (b), after “the Banking Act 1987” insert “, but is not an authorised deposit taker, within the meaning given by paragraph (1B)”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Paragraph (5) was substituted, together with paragraphs (4) and (6), for paragraph (4) by S.I. 2001/3649, article 401."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2002/1555/article/57",
    "retrieved_at": "2026-10-29T06:54:47.958322+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."
}