Section 115(1A)

Where an FMI administrator is appointed in relation to a recognised CSD ..., the objective of the FMI administration is— to ensure that the system is and continues to be maintained and operated as an efficient and effective system, to ensure that the protected activities continue to be carried on, and to ensure by one or both of the specified means that it becomes unnecessary for the FMI administration order to remain in force for that purpose or those purposes.

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