Paragraph 20 I1

Article 6 (meaning of “insolvency” and “go into liquidation”) shall be amended as follows.

In paragraph (1) for “the making of an administration order or the appointment of an administrative receiver” substitute “ or the appointment of an administrator or administrative receiver ”.

For paragraph (3) substitute—

“(3)

The reference to a resolution for voluntary winding up in paragraph (2) includes a reference to a resolution which is deemed to occur by virtue of—

(a)

paragraph 84(5)(b) of Schedule B1, or

(b)

an order made following conversion of administration or a voluntary arrangement into winding up by virtue of Article 37 of the EC Regulation.”.