The Insolvency Act 1986 (Amendment) (Administrative Receivership and Capital Market Arrangements) Order 2003

• Citation: S.I. 2003/1468
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the Insolvency Act 1986 (Amendment) (Administrative Receivership and Capital Market Arrangements) Order 2003 and shall come into force immediately after the insertion into the Insolvency Act 1986 of sections 72A to 72G and Schedule 2A has effect .

Section 2 Amendments to Schedule 2A to the Insolvency Act 1986

In paragraph 1(1) of Schedule 2A to the Insolvency Act 1986 (capital market arrangement) after paragraph (a) insert—

(aa) it involves a grant of security to—

(i) a party to the arrangement who issues a capital market investment, or

(ii) a person who holds the security as trustee for a party to the arrangement in connection with the issue of a capital market investment, or

(ab) it involves a grant of security to a person who holds the security as trustee for a party to the arrangement who agrees to provide finance to another party, or

Section 3 Amendments to Schedule 2A to the Insolvency Act 1986

After the words “beneficial interest in it” in paragraph 1(2)(c) of Schedule 2A to the Insolvency Act 1986 insert—

; and

the reference to the provision of finance includes the provision of an indemnity