Regulation 48 FSMA 2000, Pt 24: application to payment and electronic money institution insolvency except special administration
(1) In the PSR 2017, in Schedule 6, for paragraph 9 substitute -
"9. The sections of the 2000 Act mentioned in the first column of the Table apply with any modifications shown in the third column.
|
Section |
Subject |
Modifications |
|
Generally (for the sections mentioned below) |
To be read as if - (a) references to an authorised person or recognised investment exchange were to an authorised payment institution or a small payment institution; (b) references to the appropriate regulator, or to the regulator or a regulator, were to the FCA; (c) references to creditors included users. |
|
|
Section 356 |
Powers of FCA to participate in proceedings: company voluntary arrangements |
To be read as if subsections (4) and (5) were omitted. |
|
Section 357 |
Powers of FCA to participate in proceedings: individual voluntary arrangements |
To be read as if subsections (7) and (8) were omitted. |
|
Section 358 |
Powers of FCA to participate in proceedings: trust deeds for creditors in Scotland |
To be read as if subsection (6A) were omitted. |