SCHEDULE 18 Schedule 2A to Insolvency Act 1986
Enterprise Act 2002 (2002 c 40) | Legislation

SCHEDULE 18 Schedule 2A to Insolvency Act 1986

Section 250

“SCHEDULE 2A
Exceptions to Prohibition on Appointment of Administrative Receiver: Supplementary Provisions
Capital market arrangement
1

(1)     For the purposes of section 72B an arrangement is a capital market arrangement if—

(a)     it involves a grant of security to a person holding it as trustee for a person who holds a capital market investment issued by a party to the arrangement, or

(b)     at least one party guarantees the performance of obligations of another party, or

(c)     at least one party provides security in respect of the performance of obligations of another party, or

(d)     the arrangement involves an investment of a kind described in articles 83 to 85 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544) (options, futures and contracts for differences).

(2)     For the purposes of sub-paragraph (1)—

(a)     a reference to holding as trustee includes a reference to holding as nominee or agent,

(b)     a reference to holding for a person who holds a capital market investment includes a reference to holding for a number of persons at least one of whom holds a capital market investment, and

(c)

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