Schedule 17, paragraph 54

Section 215 (provision of Financial Services Compensation Scheme in relation to insolvency) shall be amended as follows. In subsection (3) for “presents a petition under section 9 of the 1986 Act or Article 22 of the 1989 Order” substitute “ makes an administration application under Schedule B1 to the 1986 Act or presents a petition under Article 22 of the 1989 Order ”. After subsection (3) insert— In subsection (3) the reference to making an administration application includes a reference to— appointing an administrator under paragraph 14 or 22 of Schedule B1 to the 1986 Act, or filing with the court a copy of notice of intention to appoint an administrator under either of those paragraphs.

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Source: legislation.gov.uk · retrieved 2026-09-04