[901B Power to exclude companies providing financial services, etc]
[901B Power to exclude companies providing financial services, etc]
Companies Act 2006 | Legislation

[(1)     The Secretary of State may by regulations provide that this Part does not apply—

(a)     where the company in respect of which a compromise or arrangement is proposed is an authorised person, or an authorised person of a specified description;

(b)     where—

(i)     a compromise or arrangement is proposed between a company, or a company of a specified description, and any creditors of the company, and

(ii)     those creditors consist of or include creditors of a specified description.

(2)     In this section—

“authorised person” has the same meaning as in the Financial Services and Markets Act 2000 (see section 31

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