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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
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111. Financial market and cash infrastructure administration

This Part -

(a) provides for a procedure to be known as FMI administration,

(b) restricts the powers of persons other than the Bank of England in relation to the insolvency of infrastructure companies, and

(c) confers power on the Bank of England to participate in proceedings under Part 26A of the Companies Act 2006 (arrangements and reconstructions: companies in financial difficulty).

 

Comparing proposed amendment...