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Article 16 Additional powers in relation to long-term business

Original text. Later amendments are not shown.

The liquidator of a company carrying on long-term business shall, so long as no stop order has been made, have power to do all such things as may be necessary to the performance of his duties under section 376(2) of the 2000 Act (continuation of contracts of long-term insurance where insurer in liquidation) but the Secretary of State may require him—

(a)

not to make investments of a specified class or description,

(b)

to realise, before the expiration of a specified period, the whole or a specified proportion of investments of a specified class or description held by the liquidator.