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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
Version 4 of 4

Regulation 11 Withdrawal of authorisation

(1) For the purposes of this regulation -

(a) a qualifying decision means a decision with respect to the approval of a voluntary arrangement where the voluntary arrangement includes a realisation of some or all of the assets of the credit institution with a view to terminating the whole or any part of the business of that credit institution;

(b) a qualifying order means -

(i) a winding-up order under section 125 of the 1986 Act or Article 105 of the 1989 Order; or

(ii) an administration order under paragraph 13 of Schedule B1 to the 1986 Act or paragraph 14 of Schedule B1 to the 1989 Order in the prescribed circumstances;

(c) a qualifying appointment means -

(i) the appointment of a provisional liquidator under section 135(1) of the 1986 Act or Article 115(1) of the 1989 Order; or