# The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021, Article 244: Third excepted case

Extent: E+W

The court’s permission under section 216(3) is not required where the company there referred to, though known by a prohibited name—
(a) has been known by that name for the whole of the period of twelve months ending with the day before the institution went into special administration, and
(b) has not at any time in those twelve months been dormant within the meaning of section 1169(1), (2) and (3)(a) of the CA 2006.

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Source: https://www.legislation.gov.uk/uksi/2021/1178/article/244 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-england-and-wales-rules-2021/article-244
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.