SCHEDULE 6 Conduct of FMI Administration
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

SCHEDULE 6 Conduct of FMI Administration

Section 121

1

The following provisions of this Schedule provide for—

(a)     the general powers and duties of FMI administrators (by application of provisions about administrators), and

(b)     the general process and effects of FMI administration (by application of provisions about administration).

2

The provisions set out in the Tables apply in relation to FMI administration as in relation to administration, with—

(a)     the modifications set out in paragraph 3,

(b)     any other modification specified in the Tables, and

(c)     any other necessary modification.

3

The modifications are that—

(a)     a reference to the administrator is a reference to the FMI administrator,

(b)     a reference to administration is a reference to FMI administration,

(c)     a reference to an administration application is a reference to an FMI administration application,

(d)     a reference to an administration order is a reference to an FMI administration order,

(e)     [except where otherwise specified in Table 2,] a reference to a company is a reference to the infrastructure company, and

(f)     a reference to the purpose of administration (other than the reference in paragraph 111(1) of Schedule B1) is a reference to the objective in section 115.

4

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Repudiation

RepudiationThis Practice Note concerns repudiation and sets out what a repudiatory breach of contract means. It explains how a repudiatory breach goes to the core of the contract and the options or remedies available to an innocent party as a result of the other party’s repudiation, which include

LEXISNEXIS

Grounds of appeal—introducing new evidence

Grounds of appeal—introducing new evidenceCoronavirus (COVID-19): The guidance detailing normal practice set out in this Practice Note may be affected by measures concerning process and procedure in the civil courts that have been introduced as a result of the coronavirus (COVID-19) pandemic. The

LEXISNEXIS

Financial Conduct Authority—Principles for Businesses (PRIN)

Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the FCA’s High Level Standards set out in the FCA’s Handbook. The Principles are a general

LEXISNEXIS

CPR Part 8 claims (alternative procedure for claims)

CPR Part 8 claims (alternative procedure for claims)This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further