{
  "url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/article-366",
  "json_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/article-366.json",
  "legislation": "nisi/1989/2405",
  "legislation_title": "The Insolvency (Northern Ireland) Order 1989",
  "legislation_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989",
  "path": "article/366",
  "kind": "article",
  "number": "366",
  "heading": "Formerly authorised banks",
  "text": "(1) The Department may, by order subject to negative resolution, after consultation with the Financial Conduct Authority and the Prudential Regulation Authority provide that specified provisions in Parts 1A to 7 shall apply with specified modifications in relation to any person who—\n(a) has a liability in respect of a deposit which he accepted in accordance with the Banking Act 1979 or 1987, but\n(b) does not have permission under Part IV of the Financial Services and Markets Act 2000 (regulated activities) to accept deposits.\n(1A) Paragraph (1)(b) shall be construed in accordance with—\n(a) section 22 of the Financial Services and Markets Act 2000 (classes of regulated activity and categories of investment),\n(b) any relevant order under that section, and\n(c) Schedule 2 to that Act (regulated activities).\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Art. 366(1)(1A) substituted (27.3.2006) for art. 366(1) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(3), Sch. 2 para. 43(2) (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2 - 7)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in art. 366 substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 7(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in art. 366(1) substituted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 7 para. 2 (with ss. 2(2), 5(2))"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Art. 366(2) repealed (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(3), 31, Sch. 2 para. 43(3), Sch. 9 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2 - 7)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "SI 2004/355"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1989/2405/article/366",
    "retrieved_at": "2026-10-29T04:47:04.938020+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."
}