(1) These Regulations shall not affect the following enactments:
(a) Part 7 of the Central Bank and Credit Institutions (Resolution) Act 2011 (No. 27 of 2011);
(b) section 510 of the Act of 2014, and
(c) any other legislative provisions which affect the procedure for commencing winding up or examinership, or analogous actions, for credit institutions and investment firms.
(2) Where an investment firm or other entity falls within the scope of Regulation 2(1) but is not a credit institution and either -
(a) that firm or entity is an institution under resolution, or
(b) the conditions for resolution are determined to be met in relation to that firm or entity,
normal insolvency proceedings may, notwithstanding Regulation 150 of the MiFID I Regulations, not be commenced in relation to that firm or entity unless either -
(i) those proceedings have been taken at the initiative of the resolution authority, or
(ii) the resolution authority has consented in writing to the commencement of insolve
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