The Payment and Electronic Money Institution Insolvency (England and Wales) (Amendment) Rules 2022

• Citation: S.I. 2022/847
• Sections: 2

Section 1 Citation, commencement and extent

(1) These Rules may be cited as the Payment and Electronic Money Institution Insolvency (England and Wales) (Amendment) Rules 2022.

(2) These Rules come into force on 10th August 2022.

(3) These Rules extend to England and Wales only.

Section 2 Amendment of the Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021

(1) The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021 are amended as follows.

(2) In rule 22(7)—

(a) in the opening words, for “any”, in the second place it occurs, substitute “such” ; and

(b) for sub-paragraph (d) substitute—

(d) other matters,

as it thinks just.

(3) In rule 26(2)(p), for the words from “paragraph (4)” to the end substitute “paragraph (6)” .

(4) In rule 27(7)—

(a) in the opening words, for “any”, in the second place it occurs, substitute “such” ; and

(b) for sub-paragraph (d) substitute—

(d) other matters,

as it thinks just.

(5) In rule 32(4), for “will state” substitute “must state” .

(6) In rule 34(2)(d), for “a manners” substitute “manner” .

(7) In rule 80(6), for “venue”, in both places it occurs, substitute “place” .

(8) In rule 115, in paragraphs (3) and (4), for “either under” in both cases substitute “under either” .

(9) In rule 174(2)(e), for “or” substitute “nor a” .

(10) In rule 175(b), after “State,”, insert “to” .

(11) For the heading of rule 291 substitute “Venue” (and amend the table of contents accordingly).

(12) In rule 291—

(a) omit paragraph (1); and

(b) in paragraph (2), for sub-paragraph (c)(ii) and (iii) substitute—

(ii) in the case of a meeting to be conducted and held in accordance with rule 80(2) or section 246A(3) of the IA 1986, is to the time and date for the meeting and the arrangements the administrator proposes to enable persons to exercise their rights to speak and vote at the meeting.