Part XXIV Insolvency (ss 355-[379A)
Part XXIV Insolvency (ss 355-[379A)

355 Interpretation of this Part

(1)     In this Part—

. . .

“the 1986 Act” means the Insolvency Act 1986;

“the 1989 Order” means the Insolvency (Northern Ireland) Order 1989;

[“the 2016 Act” means the Bankruptcy (Scotland) Act 2016;]

“body” means a body of persons—

(a)     over which the court has jurisdiction under any provision of, or made under, the 1986 Act (or the 1989 Order); but

(b)     which is not a building society, a friendly society or [a registered society]; and

“court” means—

(a)     the court having jurisdiction for the purposes of the 1985 Act or the 1986 Act; or

(b)     in Northern Ireland, the High Court;

[“creditors' decision procedure” has the meaning given by section 379ZA(11) of the 1986 Act;]

[“PRA-regulated person” means a person who—

(a)     is or has been a PRA-authorised person,

(b)     is or has been an appointed representative whose principal (or one of whose principals) is, or was, a PRA-authorised person, or

(c)     is carrying on or has carried on a PRA-regulated activity in contravention of the general prohibition];

[“qualifying decision procedure” has the meaning given by section 246ZE(11) of the 1986 Act].

(2)     In this Part “insurer” has such meaning as may be specified in an order made by the Treasury.

356 [Powers of FCA and PRA] to participate in proceedings: company voluntary arrangements

[(1)     Where a voluntary arrangement has effect under Part I of the 1986 Act in respect of a company or insolvent partnership which is an authorised person, [or recognised investment exchange, the appropriate regulator] may apply to the court under section 6 or 7 of that Act.]

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