Application of this Part of this Schedule
(1) This Part of this Schedule applies in relation to an insurer -
(a) during the period -
(i) beginning with the date on which an application is made for a write-down order in relation to the insurer, and
(ii) ending with the date on which the order is made or the application is withdrawn or dismissed;
(b) during the period -
(i) beginning with the date on which a write-down order is made in relation to the insurer, and
(ii) ending with the last day of the period of six months beginning with the day on which the write-down order takes effect (see section 377A(3)(a));
(c) during such further period as the court may order.
(2) This Part of this Schedule ceases to apply -
(a) where the court orders that it should cease to apply (and in accordance with the terms of the order), or
(b) where the write-down order ceases to have effect (because, in accordance with section 377H, each reduction in the value of a liability of the insurer c
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