Regulation 27

1.

(1) Where this Part of this Schedule applies, the enactments set out below apply with the following modifications.

(2) References to -

(a) an administrator appointed in respect of a Schedule B1 administration include a reference to an administrator appointed under a special administration order;

(b) administration under Schedule B1 or "insolvent administration" include a reference to special administration;

(c) "administration order" include a reference to a special administration order;

(d) "insolvency legislation", the "general law of insolvency", the "enactments relating to insolvency" and similar expressions include special administration and the provisions of the Insolvency Act as applied by these Regulations;

(e) becoming insolvent, or an "insolvency event" occurring in respect of the investment bank includes being put into special administration and "insolvency proceedings" or an "insolvency procedure" include special administration;