Financial Services (Banking Reform) Act 2013
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
118 FMI administrators
(1) The FMI administrator of a company— (a) is an officer of the court, and (b) in exercising and performing powers and duties in relation to the company, is the company's agent. (2) The management by the FMI administrator of a company of any of its affairs, business or property must be carried out for the purpose of achieving the objective of the FMI administration as quickly and efficiently as is reasonably practicable. (3) The FMI administrator of a company must exercise and perform powers and duties in the way which, so far as it is consistent with the objective of the FMI administration to do so, best protects— (a) the interests of the company's creditors as a whole, and (b) subject to those interests, the interests of the company's members as a whole.
118 FMI administrators
(1) The FMI administrator of a company— (a) is an officer of the court, and (b) in exercising and performing powers and duties in relation to the company, is the company's agent. (2) The management by the FMI administrator of a company of any of its affairs, business or property must be carried out for the purpose of achieving the objective of the FMI administration as quickly and efficiently as is reasonably practicable. (3) The FMI administrator of a company must exercise and perform powers and duties in the way which, so far as it is consistent with the objective of the FMI administration to do so, best protects— (a) the interests of the company's creditors as a whole, and (b) subject to those interests, the interests of the company's members as a whole.
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