Paragraph 25

(1)

Section 215 M1 (rights of the scheme in insolvency) is amended as follows.

(2)

In subsection (3) for the words from “a company” to the end substitute—

“(a)
a company or partnership which is a relevant person; or
(b)
a body corporate or unincorporated association which is a relevant exchange;
the scheme manager has the same rights as are conferred on the regulators by section 362.”.

(3)

In subsection (4) after “relevant person” insert “ or relevant exchange ”.

Annotations

Marginal citations

M1: Section 215 was amended by paragraph 54(2) of the Enterprise Act 2002 (c.40), S.I. 2005/1455, and paragraph 5 of Schedule 10 to the Financial Services Act 2012; there are other amendments but none is relevant.

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 51) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xviii)