The Financial Services and Markets (Insolvency) (Amendment of Miscellaneous Enactments) Regulations 2019

Made: 29th March 2019

Laid before Parliament: 1st April 2019

Coming into force: 23rd April 2019

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Citation and commencement

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Amendment of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999

2

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Amendment of the Financial Collateral Arrangements (No. 2) Regulations 2003

3

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Amendment of the Insurers (Reorganisation and Winding Up) Regulations 2004

4

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Amendment of the Credit Institutions (Reorganisation and Winding up) Regulations 2004

5

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Amendment of the Insurers (Reorganisation and Winding Up) (Lloyd’s) Regulations 2005

6

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Amendment of the Regulated Covered Bonds Regulations 2008

7

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Amendment of the Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2010

8

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Signed

Paul Maynard — Jeremy Quin — Two of the Lords Commissioners of Her Majesty’s Treasury — 29th March 2019

I consent to the making of regulation 8

Kelly Tolhurst — Parliamentary Under Secretary of State — Department for Business, Energy and Industrial Strategy — 29th March 2019

Explanatory note

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Footnotes

[^f00001]: 1972 c. 68. Section 2(2) was amended by the Legislative and Regulatory Reform Act 2006 (c. 51), section 27(1)(a), and by the European Union (Amendment) Act 2008 (c. 7), section 3 and the Schedule, Part 1. The 1972 Act will be repealed on exit day by section 1 of the European Union (Withdrawal) Act 2018 (c. 16).

[^f00002]: S.I. S.I 1998/2793, 2002/2840 and 2012/1759. These orders are subject to prospective repeal on exit day by SI 2018/1011.

[^f00003]: 2000 c. 8.

[^f00004]: S.I. 1999/2979, as amended by S.I. 2006/50, 2009/1972 and 2019/341. The amendments made by SI 2019/341 will come into force on exit day. There are other amendments, but they are not relevant.

[^f00005]: S.I. 1986/1925, revoked on 6 April 2017 by S.I 2016/1024. Prior to revocation, Rule 4.30(3) was amended by S.I. 1987/1919 and 2008/737 and Rule 4.218 was amended by S.I. 2008/737.

[^f00006]: S.I. 2016/1024.

[^f00007]: S.I. 1986/1915, as amended by S.I. 1987/1921. Parts 3-6 and Schedules 1 and 2 of S.I 1986/1915 will be revoked on 6 April 2019 by Schedule 1 to S.S.I 2018/347.

[^f00008]: S.S.I. 2018/347.

[^f00009]: Rule 2.85 was substituted by S.I. 2005/527.

[^f00010]: S.I. 2003/3226, as amended by S.I 2010/2993 and S.I 2019/341. The amendments made by SI 2019/341 will come into force on exit day.

[^f00011]: S.R. 1991/364, as amended by S.R. 2006/47. There are other amendments, but they are not relevant.

[^f00012]: Rule 4.91 was amended by S.I. 2003/1730 and 2005/527. Rule 2.86 was substituted by S.I. 2003/1730 and amended by S.I. 2005/527.

[^f00013]: S.I. 2018/1082.

[^f00014]: S.I. 2004/353, as amended by S.I. 2007/851, 2011/1265, and 2019/38. The amendments made by SI 2019/38 will come into force on exit day. There are other amendments, but they are not relevant.

[^f00015]: Rule 13.12 was substituted by S.I. 2006/1272 and amended by S.I. 2010/686.

[^f00016]: S.I. 1989/2405. Paragraph 1A was inserted by the Insolvency (Amendment) Act (Northern Ireland) 2016 (c. 2).

[^f00017]: Rule 7.62 was added by S.I. 2002/1307 and amended by S.I. 2003/1730 and 2010/686.

[^f00019]: Rule 4.74 was substituted by S.I. 2004/584.

[^f00020]: Rule 2.3 was substituted by S.I. 2003/1730.

[^f00021]: The heading was amended by S.I. 2011/1265.

[^f00022]: Rule 13.8 was amended by S.I. 2009/642.

[^f00023]: Rule 7.108 of the Insolvency (England and Wales) Rules 2016 was amended by S.I. 2017/366.

[^f00024]: The heading was amended by S.I. 2011/1265.

[^f00025]: S.I. 2004/1045, as amended by S.I. 2007/830, 2011/1265 and 2019/38. With the exception of the amendment made by regulation 3(2)(b), the relevant amendments made by SI 2019/38 will come into force on exit day). There are other amendments, but they are not relevant.

[^f00026]: OJ No. L 125, 5.5.2001, p. 15 to 23.

[^f00027]: S.I. 2005/1998, as amended by S.I. 2007/851 and 2019/38. The amendments made by SI 2019/38 will come into force on exit day. There are other amendments, but they are not relevant.

[^f00028]: Rule 4.90 was substituted by S.I. 2005/527.

[^f00029]: Rule 6.97 was substituted by S.I. 2004/584.

[^f00030]: In regulation 30 of the principal Regulations a reference to rule 6.42 or 7.108 of the Insolvency Rules is substituted for the reference to Rule 4.218 of the Insolvency Rules by regulation 4(7) of these Regulations. The definition of “the Insolvency Rules” is amended by regulation 4(2)(c) of these Regulations.

[^f00031]: Rule 6.224 was amended by S.I. 1995/586 and 2002/2712.

[^f00032]: Rule 10.149 of the Insolvency (England and Wales) Rules 2016 was amended by S.I. 2017/366.

[^f00033]: S.I. 2008/346, as amended by S.I 2018/1401. With the exception of the amendment made by regulation 3, the relevant amendments made by SI 2018/1401 will come into force on exit day.

[^f00034]: Rule 4.181 was amended by S.I. 1987/1919.

[^f00035]: Rule 2.67 was substituted by S.I. 2003/1730 and amended by S.I. 2005/527 and 2010/686. Rules 4.218 and 4.219 were amended by S.I. 2008/737.

[^f00036]: S.I. 2010/3023 as amended by S.I. 2013/472.

[^f00037]: Rule 2.12 was substituted by S.I. 2003/1730.

Editorial notes