# The Payment and Electronic Money Institution Insolvency Regulations 2021, Paragraph 7


Article 16 of the IPO (NI) 1995 applies to an institution which is formed as a partnership—
(a) reading Article 16 as if the reference to being wound up under the I(NI)O 1989 were to entering special administration;
(b) reading the reference to the provisions of the CDD(NI)O 2002 as if it were a reference to—
(i) Articles 3, 4, 12 to 14, 19C and 23 of that Order as applied and modified by regulation 46A, and
(ii) the versions of Articles 9 to 11, 18 to 19 and 21 of and Schedule 1 to that Order set out in Schedule 8 to the IPO (NI) 1995, reading those versions as if they were modified by regulation 46A,
subject to the further general modifications of the provisions mentioned in sub-paragraphs (a) and (b) in paragraph 8.

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Source: https://www.legislation.gov.uk/uksi/2021/716/schedule/2A/paragraph/7 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-regulations-2021/schedule-2A/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.