Schedule 12, Part 1, paragraph 1(2)

In section 360 (application of Part 2 of 1986 Act or Part 3 of 1989 Order (administration) to insurers), at the end insert— Subsection (5) applies where, by virtue of an order under this section, a person may be appointed as administrator of an insurer. While a write-down order under section 377A has effect in relation to an insurer, a person may not be appointed as administrator of the insurer without the consent of the PRA.

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