[Part 2 Persons Involved in Financial Services]
Insolvency Act 1986 (1986 c 45) | Legislation

[Part 2 Persons Involved in Financial Services]

[Introductory

2

Section 233B does not apply in relation to a contract for the supply of goods or services to a company (“the companyâ€) where any of paragraphs 3 to 11 applies.

Insurers

3

(1)     This paragraph applies where either the company or the supplier—

(a)     carries on the regulated activity of effecting or carrying out contracts of insurance, and

(b)     is not an exempt person in relation to that activity.

(2)     In this paragraph—

“exempt personâ€, in relation to a regulated activity, has the meaning given by section 417 of the Financial Services and Markets Act 2000;

“regulated activity†has the meaning given by section 22 of that Act, taken with Schedule 2 to that Act and any order under that section.

Banks

4

(1)     This paragraph applies where either the company or the supplier—

(a)

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