Schedule 9, Part 2, paragraph 6(1B)

Where an FMI administrator is appointed in relation to a company that is a person recognised for the purposes of Part 5A of the Banking Act 2009, the objective of the FMI administration is— to ensure that the functions performed by the person in relation to wholesale cash distribution are and continue to be performed efficiently and effectively, 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