[Part 1 Restrictions on Enforcement]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[SCHEDULE 19B Further Provision about Write-Down Orders]

[Section 377J]

[Part 1 Restrictions on Enforcement]

[Application of this Part of this Schedule

1

(1)     This Part of this Schedule applies in relation to an insurer—

(a)     during the period—

(i)     beginning with the date on which an application is made for a write-down order in relation to the insurer, and

(ii)     ending with the date on which the order is made or the application is withdrawn or dismissed;

(b)     during the period—

(i)     beginning with the date on which a write-down order is made in relation to the insurer, and

(ii)     ending with the last day of the period of six months beginning with the day on which the write-down order takes effect (see section 377A(3)(a));

(c)     during such further period as the court may order.

(2)     This Part of this Schedule ceases to apply—

(a)     where the court orders that it should cease to apply (and in accordance with the terms of the order), or

(b)

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