{
  "url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-regulations-2021/schedule-2A/paragraph-3",
  "json_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-regulations-2021/schedule-2A/paragraph-3.json",
  "legislation": "uksi/2021/716",
  "legislation_title": "The Payment and Electronic Money Institution Insolvency Regulations 2021",
  "legislation_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-regulations-2021",
  "path": "schedule/2A/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "Where an institution is formed as a partnership, then—\n(a) in these Regulations, and\n(b) in the CDD(NI)O 2002 as applied and modified by these Regulations,\nreferences to the things in the first column of Table 1 are to be read in accordance with the corresponding modification in the second column.\nTable 1\nReference\nModification\nReferences to companies\nTo be read as if they were references to partnerships.\nReferences to the registrar of companies\nTo be omitted.\nReferences to shares of a company\nTo be read as if they were—\n(a)in relation to a partnership with capital, to rights to share in that capital, and\n(b)in relation to a partnership without capital, to interests—\n(i)conferring any right to share in the profits or liability to contribute to the losses of the partnership, or\n(ii)giving rise to an obligation to contribute to the debts or expenses of the partnership in the event of special administration.\nOther references appropriate to companies\nTo be read as if they were to the corresponding persons, officers, documents or organs (as the case may be) appropriate to a partnership.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 2A inserted (4.1.2024) by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2021/716/schedule/2A/paragraph/3",
    "retrieved_at": "2026-10-28T22:12:14.338342+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."
}