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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2007 - onwards
Version 3 of 3

Regulation 34 Application of this Part

(1) This Part applies -

(a) where a decision with respect to the approval of a proposed voluntary arrangement having a qualifying purpose is made under section 4A of the 1986 Act or Article 17A of the 1989 Order on or after 20th April 2003 in relation to a UK insurer;

(b) where an administration order made under section 8 of the 1986 Act on or after 20th April 2003 or, on or after 15th September 2003, made under paragraph 13 of Schedule B1 or under paragraph 14 of Schedule B1 to the 1989 Order is in force in relation to a UK insurer;

(c) where on or after 20th April 2003 the court reduces the value of one or more of the contracts of a UK insurer under section 377 of the 2000 Act or section 24(5) of the Friendly Societies Act 1992;

(d) where a UK insurer is subject to a relevant winding up;

(e) where a provisional liquidator is appointed in relation to a UK insurer on or after 20th April 2003.

(2) For the purposes of paragraph (1)(a), a voluntary arrangement has a qualifying purpose if it -