# The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001, Article 8: Insolvency of relevant defaulter—post-commencement applications


For the purposes of assessing and determining a post-commencement application where the relevant defaulter is insolvent, sections 220, 221 and 224 of the Act apply as if—
(a) references to a relevant person included references to the relevant defaulter in respect of whom the post-commencement application was made;
(b) the reference in section 221 to a failure to permit documents to be inspected under section 220 included a reference to a failure to permit documents to be inspected under section 220 as it applies by virtue of this article; and
(c) the reference in section 224(1)(a) to the compensation scheme includes a reference to that scheme as modified by rules made by the Authority under article 6(2).

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Source: https://www.legislation.gov.uk/uksi/2001/2967/article/8 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-repeals-and-savings-financial-services-compensation-scheme-order-2001/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.