[Part 3 Winding Up, Administration or Insolvency of [Recognised Clearing Houses]]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[Part 3 Winding Up, Administration or Insolvency of [Recognised Clearing Houses]

[Notice to Bank of England of preliminary steps

34

(1)     An application for an administration order in respect of a [recognised clearing house] [or a recognised CSD] may not be determined unless the conditions below are satisfied.

(2)     A petition for a winding up order in respect of a [recognised clearing house] [or a recognised CSD] may not be determined unless the conditions below are satisfied.

(3)     A resolution for voluntary winding up of a [recognised clearing house] [or a recognised CSD] may not be made unless the conditions below are satisfied.

(4)     An administrator of a [recognised clearing house] [or a recognised CSD] may not be appointed unless the conditions below are satisfied.

(5)     Condition 1 is that the Bank of England has been notified—

(a)     by the applicant for an administration order, that the

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