# The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021, Article 240: Preliminary

Extent: E+W

The rules in this Part—
(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
(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.

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Source: https://www.legislation.gov.uk/uksi/2021/1178/article/240 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-england-and-wales-rules-2021/article-240
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.