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SCHEDULE 1U.K.Modifications to the law of insolvency

PART 2 U.K.Modifications to secondary legislation

Modifications to the Insolvency (Scotland) Rules 1986U.K.

5.  The provisions of the Insolvency (Scotland) Rules 1986 M1 apply in relation to an authorised bank with any reference to “asset”, “property”, “estate”, “sum” or “fund” modified so that it does not include a reference to the backing assets.

Marginal Citations

Modifications to the Insolvency Rules (Northern Ireland) 1991U.K.

6.  The provisions of the Insolvency Rules (Northern Ireland) 1991 M2 apply in relation to an authorised bank with any reference to “insolvent estate”, “property” or “asset” modified so that it does not include a reference to the backing assets.

Marginal Citations

M2S.R. 1991 No. 364, amended by the Insolvency (Amendment) Rules (Northern Ireland) 1994 (S.R. 1994 No. 26), the Insolvency (Amendment) Rules (Northern Ireland) 1995 (S.R. 1995 No. 291), the Insolvency (Amendment) Rules (Northern Ireland) 2000 (S.R. 2000 No. 247), the Insolvency (Amendment) Rules (Northern Ireland) 2002 (S.R. 2002 No.261), the Insolvency (Amendment) Rules (Northern Ireland) 2003 (S.R. 2003 No. 549), the Insolvency (Amendment) Rules (Northern Ireland) 2006 (S.R. 2006 No. 47), the Insolvency (Amendment) Rules (Northern Ireland) 2008 (S.R. 2008 No. 118) and the Financial Services and Markets Act 2000 (Consequential Amendments) Order 2004 (S.I. 2004/355).

Modifications to the Bank Administration Rules (Northern Ireland) 2009U.K.

7.  The provisions of the Bank Administration Rules (Northern Ireland) 2009 M3 apply in relation to an authorised bank—

(a)with any reference to “insolvent estate”, “property” or “asset” modified so that it does not include a reference to the backing assets; and

(b)with any reference to the “1991 Rules” modified so that it is a reference to the Insolvency Rules (Northern Ireland) 1991 as modified by paragraph 6 of this Schedule.

Marginal Citations

Modifications to the Bank Insolvency (No. 2) Rules (Northern Ireland) 2009U.K.

8.  The provisions of the Bank Insolvency (No. 2) Rules (Northern Ireland) 2009 M4 apply in relation to an authorised bank—

(a)with any reference to “insolvent estate”, “property” or “asset” modified so that it does not include a reference to the backing assets; and

(b)with any reference to the “1991 Rules” modified so that it is a reference to the Insolvency Rules (Northern Ireland) 1991 as modified by paragraph 6 of this Schedule.

Marginal Citations

Modifications to the Bank Administration (Scotland) Rules 2009U.K.

9.  The provisions of the Bank Administration (Scotland) Rules 2009 M5 apply in relation an authorised bank—

(a)with any reference to “asset”, “property” or “fund” modified so that it does not include a reference to the backing assets; and

(b)with any reference to the “1986 Rules” modified so that it is a reference to the Insolvency (Scotland) Rules 1986 as modified by paragraph 5 of this Schedule.

Marginal Citations

Modifications to the Bank Insolvency (Scotland) Rules 2009U.K.

10.  The provisions of the Bank Insolvency (Scotland) Rules 2009 M6 apply in relation to an authorised bank—

(a)with any reference to “asset”, “property”, “sum” or “fund” modified so that it does not include a reference to the backing assets; and

(b)with any reference to the “1986 Rules” modified so that it is a reference to the Insolvency (Scotland) Rules 1986 as modified by paragraph 5 of this Schedule.

Marginal Citations