A company is “eligible” for the purposes of this Part unless it is excluded from being eligible by any of the following—
paragraph 2 (current or recent insolvency procedure);
[paragraph 2A (private registered providers of social housing);]
[paragraph 2B (a registered social landlord under Part 2 of the Housing (Scotland) Act 2010);]
paragraph 3 (insurance companies);
paragraph 4 (banks);
paragraph 5 (electronic money institutions);
paragraph 6 (investment banks and investment firms);
paragraph 7 (market contracts, market charges, etc);
paragraph 8 (participants in designated systems);
paragraph 9 (payment institutions);
paragraph 10 (operators of payment systems, infrastructure providers etc);
paragraph 11 (recognised investment exchanges, clearing houses and CSDs);
paragraph 12 (securitisation companies);
paragraph 13 (parties to capital market arrangements);
paragraph 15 (public-private partnership project companies);
paragraph 18 (certain overseas companies).
Companies subject to, or recently subject to, moratorium or an insolvency procedure
(1) A company is excluded from being eligible if—
(a) on the filing date, a moratorium for the company is in force, or
(b) at any time during the period of 12 months ending with the filing date, a moratorium for the company was in force (but see section A42(6) for power of the court to modify the effect of this paragraph).
(2) A company is excluded from being eligible if—
(a) on the filing date, the company is subject to an insolvency procedure, or
(b) at any time during the period of 12 months ending with the filing date, the company was subject to an insolvency procedure within sub-paragraph (3)(a) or (b).
(3) For the purposes of sub-paragraph (2), a company is subject to an
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