Insolvency Act 2000
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Change 1
15 Amendments of Financial Services and Markets Act 2000 and repeals.
(1) The enactments mentioned in Schedule 5 are repealed to the extent specified. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Section 356 of that Act (Authority’s powers to participate in proceedings: company voluntary arrangements) is amended as follows— (a) for subsection (1), there is substituted— (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, the Authority may apply to the court under section 6 or 7 of that Act. , (b) for subsection (2), there is substituted— (2) Where a voluntary arrangement has been approved under Part II of the 1989 Order in respect of a company or insolvent partnership which is an authorised person, the Authority may apply to the court under Article 19 or 20 of that Order. , (c) in subsection (3), for “either” there is substituted “ any ”.
15 Amendments of Financial Services and Markets Act 2000 and repeals.
(1) The enactments mentioned in Schedule 5 are repealed to the extent specified. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Section 356 of that Act (Authority’s powers to participate in proceedings: company voluntary arrangements) is amended as follows— (a) for subsection (1), there is substituted— (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, the Authority may apply to the court under section 6 or 7 of that Act. , (b) for subsection (2), there is substituted— (2) Where a voluntary arrangement has been approved under Part II of the 1989 Order in respect of a company or insolvent partnership which is an authorised person, the Authority may apply to the court under Article 19 or 20 of that Order. , (c) in subsection (3), for “either” there is substituted “ any ”.
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