PART 4Reorganisation or Winding up of UK Credit InstitutionsF8...
Interpretation of this Part21
1
For the purposes of this Part—
a
“affected credit institution” means a UK credit institution which is the subject of a relevant reorganisation or winding up;
b
F7c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
In this Part, references to the opening of a relevant reorganisation or a relevant winding up mean—
a
in the case of winding-up proceedings—
i
in the case of a winding up by the court, the date on which the winding-up order is made, or
ii
in the case of a creditors' voluntary winding up, the date on which the liquidator is appointed in accordance with section 100 of the 1986 Act, Article 86 of the 1989 Order or paragraph 83 of Schedule B1 to the 1986 Act F1or paragraph 84 of Schedule B1 to the 1989 Order;
b
in the case of a voluntary arrangement, the date when a decision with respect to the approval of that voluntary arrangement has effect in accordance with section 4A(2) of the 1986 Act or Article 17A(2) of the 1989 Order;
c
d
in a case where a provisional liquidator has been appointed, the date of that appointment, F6and
e
in a case where a stabilisation instrument is made, the date on which that instrument is made,
and references to the time of an opening must be construed accordingly.
Words in Pt. 4 heading omitted (31.12.2020) by virtue of The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/38), regs. 1(3), 3(10) (with Pt. 3 Ch. 1) (as amended by S.I. 2020/1301, reg. 3, Sch. para. 13(c)-(f)); 2020 c. 1, Sch. 5 para. 1(1)