s 15 Amendments of Financial Services and Markets Act 2000 and repeals.
(1) The enactments mentioned in Schedule 5 are repealed to the extent specified. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Section 356 of that Act (Authority’s powers to participate in proceedings: company voluntary arrangements) is amended as follows— (a) for subsection (1), there is substituted— (1) Where a voluntary arrangement has effect under Part I of the 1986 Act in respect of a company or insolvent partnership which is an authorised person, the Authority may apply to the court under section 6 or 7 of that Act. (b) for subsection (2), there is substituted— (2) Where a voluntary arrangement has been approved under Part II of the 1989 Order in respect of a company or insolvent partnership which is an authorised person, the Authority may apply to the court under Article 19 or 20 of that Order. (c) in subsection (3), for “either” there is substituted “ any ” .