# The Investment Bank Special Administration Regulations 2011, Regulation 22: Special administration order as an alternative order

Extent: E+W+S+N.I.

(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.
(2) Paragraph (1) is subject to regulation 3.
(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.

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Source: https://www.legislation.gov.uk/uksi/2011/245/regulation/22 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-regulations-2011/regulation-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.