UK Statutory Instrument SI 2021/716 United Kingdom

The Payment and Electronic Money Institution Insolvency Regulations 2021

Enforced by
FCA
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.036 Continuity of supply Regulated
Other duties (1) — Crown / regulator
  • Suppliers cannot cut off your essential services without groundsStatutory regulator
50 other provisions — procedural and definitional
s.001 Citation
s.002 Commencement
s.003 Extent
s.004 Overview
s.005 Application: Scottish LLPs and partnerships
s.006 Definitions
s.007 Special administration order
s.008 Application for order
s.009 Grounds for applying
s.010 Powers of the court
s.011 Notice to FCA: other proceedings
s.012 Special administration objectives
s.013 Objective 1: initial reconciliation
s.014 Objective 1: constitution of asset pool
s.015 Objective 1: monitoring and maintaining asset pool
s.016 Objective 1: post-administration receipts
s.017 Objective 1: determining claim entitlements
s.018 Objective 1: principles of distribution
s.019 Objective 1: shortfalls in asset pool
s.020 Objective 1: bar date
s.021 Objective 1: hard bar date
s.022 Objective 1: hard bar date: powers of the court
s.023 Objective 1: interest on relevant funds claims
s.024 Objectives 1 and 3: transfer arrangements: overview
s.025 Objectives 1 and 3: TAs: Conditions 1 to 3
s.026 Objectives 1 and 3: TAs: effect
s.027 Objectives 1 and 3: TAs: novation of contracts
s.028 Objectives 1 and 3: TAs: disclosure of information
s.029 Objectives 1 and 3: PPTAs: Condition 4 and restrictions
s.030 Objectives 1 and 3: PPTAs: reverse transfers
s.031 Objectives 1 and 3: PPTAs: set-off and netting
s.032 Objectives 1 and 3: PPTAs: security interests
s.033 Objectives 1 and 3: PPTAs capital markets arrangements
s.034 Objectives 1 and 3: PPTAs: financial markets
s.035 Objective 2: engagement: payment systems, market disruption and consumer protection
s.037 Application of the IA 1986 in England, Wales and Scotland
s.037 Application of the I(NI)O 1989 and related insolvency legislation in Northern Ireland
s.038 FCA direction
s.039 Administrator’s proposals in the event of FCA direction
s.040 Revision of proposals in the event of FCA direction
s.041 FCA direction withdrawn
s.042 Safeguarding failures: costs of the administration
s.043 Successful rescue
s.044 Dissolution or voluntary arrangement
s.045 Special administration order as an alternative order
s.046 Disqualification of directors : Great Britain
s.046 Disqualification of directors: Northern Ireland
s.047 Further provision on special administration: schedules
s.048 FSMA 2000, Pt 24: application to payment and electronic money institution insolvency except special administration
s.049 Correction of defect in instrument relating to the UK’s withdrawal from the EU and bank recovery and resolution
Schedules

Schedules

0 of 40 shown
40 other schedules
s.sch001 This Schedule makes provision about how special administration applies to...
s.sch001 In this Schedule— (a) the “ LLPR 2001 ” means...
s.sch001 The provisions of the IA 1986 mentioned in the first...
s.sch001 The CDDA 1986 as applied and modified by these Regulations...
s.sch001 The following legislation applies to institutions which are formed as...
s.sch001a This Schedule makes provision about how special administration applies to...
s.sch001a In this Schedule “ LLPR (NI) 2004 ” means the...
s.sch001a The provisions of the I(NI)O 1989 mentioned in the first...
s.sch001a The CDD(NI)O 2002 as applied and modified by these Regulations...
s.sch001a The following legislation applies to institutions which are formed as...
s.sch002 This Schedule makes provision about how special administration applies to...
s.sch002 In this Schedule, the “IPO 1994” means the Insolvent Partnerships...
s.sch002 Where an institution is formed as a partnership, then—
s.sch002 Table 2 sets out— (a) in the first column, versions...
s.sch002 Each IPO 1994 version in the first column of Table...
s.sch002 Where there is an entry for an IPO 1994 version...
s.sch002 Article 16 of the IPO 1994 applies to an institution...
s.sch002 The general modifications are— (i) references to a provision of...
s.sch002 Article 18 of and Schedule 10 to the IPO 1994...
s.sch002a This Schedule makes provision about how special administration applies to...
s.sch002a In this Schedule “ IPO (NI) 1995 ” means the...
s.sch002a Where an institution is formed as a partnership, then—
s.sch002a Table 2 sets out— (a) in the first column, versions...
s.sch002a Each IPO (NI) 1995 version in the first column of...
s.sch002a Where there is an entry for an IPO (NI) 1995...
s.sch002a Article 16 of the IPO (NI) 1995 applies to an...
s.sch002a The general modifications are— (a) references to a provision of...
s.sch002a Article 18 of and Schedule 10 to the IPO (NI)...
s.sch003 Introduction
s.sch003 General modifications
s.sch003 References to— (a) a Schedule B1 administrator are to be...
s.sch003 Pensions Act 2004 and the Pensions (Northern Ireland) Order 2005
s.sch003 CA 2006
s.sch003 Land Registration Rules
s.sch004 The Companies Act 1985
s.sch004 The Finance Act 1986
s.sch004 The Third Parties (Rights against Insurers) Act 2010
s.sch004 The EMR 2011
s.sch004 The IBSAR 2011
s.sch004 The PSR 2017

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