# The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022, Rule 153: Preliminary

Extent: S

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) of the IA 1986 in relation to an institution with a prohibited name,
(b) prescribe the cases excepted from section 216 of the IA 1986, that is to say, those in which a person to whom that section applies may so act without that permission.

---
Source: https://www.legislation.gov.uk/uksi/2022/1239/rule/153 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022/rule-153
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.