111Financial market [F1and cash] infrastructure administrationU.K.
This Part—
(a)provides for a procedure to be known as FMI administration, F2...
(b)restricts the powers of persons other than the Bank of England in relation to the insolvency of infrastructure companies, [F3and
(c)confers power on the Bank of England to participate in proceedings under Part 26A of the Companies Act 2006 (arrangements and reconstructions: companies in financial difficulty).]
Textual Amendments
F1Words in s. 111 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 3
F2Word in s. 111 omitted (26.6.2020) by virtue of Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 49(2)(a) (with ss. 2(2), 5(2))
F3S. 111(c) and word inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 49(2)(b) (with ss. 2(2), 5(2))
Commencement Information
I1S. 111 in force at 13.7.2018 for E.W. by S.I. 2018/848, art. 2(c)