{
  "url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-england-and-wales-rules-2021/article-240",
  "json_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-england-and-wales-rules-2021/article-240.json",
  "legislation": "uksi/2021/1178",
  "legislation_title": "The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021",
  "legislation_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-england-and-wales-rules-2021",
  "path": "article/240",
  "kind": "article",
  "number": "240",
  "heading": "Preliminary",
  "text": "The rules in this Part—\n(a) relate to the permission required under section 216 of the IA 1986 for a person to act in all or any of the ways specified in section 216(3) in relation to an institution with a prohibited name, and\n(b) prescribe the cases excepted from section 216, that is to say, those in which a person to whom that section applies may so act without that permission.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Rule 240 in force at 12.11.2021, see rule 2"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 216 was amended by Banking Act 2009 (c. 1) and S.I. 2011/245. There are other amending instruments but none is relevant."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2021/1178/article/240",
    "retrieved_at": "2026-10-28T22:07:52.488380+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."
}