{
  "url": "https://openlegislation.uk/investment-bank-special-administration-regulations-2011/regulation-22",
  "json_url": "https://openlegislation.uk/investment-bank-special-administration-regulations-2011/regulation-22.json",
  "legislation": "uksi/2011/245",
  "legislation_title": "The Investment Bank Special Administration Regulations 2011",
  "legislation_url": "https://openlegislation.uk/investment-bank-special-administration-regulations-2011",
  "path": "regulation/22",
  "kind": "regulation",
  "number": "22",
  "heading": "Special administration order as an alternative order",
  "text": "(1) On a petition for a winding up order , an application for an administration order or an order under regulation 8 of the Payment and Electronic Money Institution Insolvency Regulations 2021 in respect of an investment bank the court may instead make a special administration order.\n(2) Paragraph (1) is subject to regulation 3.\n(3) A special administration order may be made under paragraph (1) only on the application of the FCA or, where the investment bank concerned is a PRA-authorised person, the PRA.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Comma in reg. 22(1) substituted for word (8.7.2021) by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), reg. 2, Sch. 4 para. 5(3)(a) (with reg. 5) (as amended (4.1.2024) by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 4)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 22(1) inserted (8.7.2021) by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), reg. 2, Sch. 4 para. 5(3)(b) (with reg. 5) (as amended (4.1.2024) by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 4)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 22(3) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 198(o) (with Sch. 2 para. 213)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/245/regulation/22",
    "retrieved_at": "2026-10-29T02:18:26.781233+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."
}