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Section 111 Financial market and cash infrastructure administrationF3I1

United Kingdom

This Part—

(a)

provides for a procedure to be known as FMI administration, F1...

(b)

restricts the powers of persons other than the Bank of England in relation to the insolvency of infrastructure companies, F2and

(c)

confers power on the Bank of England to participate in proceedings under Part 26A of the Companies Act 2006 (arrangements and reconstructions: companies in financial difficulty).

Annotations

Textual amendments

F1

Word in s. 111 omitted (26.6.2020) by virtue of Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 49(2)(a) (with ss. 2(2), 5(2))

F2

S. 111(c) and word inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 49(2)(b) (with ss. 2(2), 5(2))

F3

Words in s. 111 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 3

Commencement

I1

S. 111 in force at 13.7.2018 for E.W. by S.I. 2018/848, art. 2(c)