Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 July 2018 - onwards
  Version 3 of 3    

127. Interpretation of Part

(1) In this Part -

"the 1986 Act" means the Insolvency Act 1986;

"business", "member", "property" and "security" have the same meaning as in the 1986 Act;

"company" has the meaning given by section 113;

"the court" means - (a) in England and Wales and Northern Ireland, the High Court; (b) in Scotland, the Court of Session;

"FMI administration order" and "FMI administrator" are to be read in accordance with section 114;

"infrastructure company" has the meaning given by section 112;

"operator", in relation to a recognised payment system, has the meaning given by section 113;

"recognised payment system" has the meaning given by section 113;

"regulated activity" has the same meaning as in FSMA 2000;

"the relevant system" has the meaning given by section 113;

"securities settlement system" has the meaning given by section 113.

(2) In this Part references to the FMI administrator of a company include a person appointed under paragraph 91 or 103 of Schedule B1 to the 1986 Act, as applie