{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-379",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-379.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "section/379",
  "kind": "section",
  "number": "379",
  "heading": "Winding-up rules.",
  "text": "(1) Winding-up rules may include provision—\n(a) for determining the amount of the liabilities of an insurer to policyholders of any class or description for the purpose of proof in a winding up; and\n(b) generally for carrying into effect the provisions of this Part with respect to the winding up of insurers.\n(2) Winding-up rules may, in particular, make provision for all or any of the following matters—\n(a) the identification of assets and liabilities;\n(b) the apportionment, between assets of different classes or descriptions, of—\n(i) the costs, charges and expenses of the winding up; and\n(ii) any debts of the insurer of a specified class or description;\n(c) the determination of the amount of liabilities of a specified description;\n(d) the application of assets for meeting liabilities of a specified description;\n(e) the application of assets representing any excess of a specified description.\n(3) “Specified” means specified in winding-up rules.\n(4) “Winding-up rules” means rules made under section 411 of the 1986 Act (or Article 359 of the 1989 Order).\n(5) Nothing in this section affects the power to make winding-up rules under the 1986 Act or the 1989 Order.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/379",
    "retrieved_at": "2026-10-29T09:21:21.899993+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."
}