Effects of The Act on other legislation
This table shows the effects on the legislation that is most commonly used by Official Receivers offices in the Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, (SI 2001/3649).
| TITLE | SECTION/RULE ETC | HOW AFFECTED BY ACT |
| Insolvency Act 1986 | Section 8 amended | Provides a further meaning of inability to pay debts, where company is a deposit taker and also limits power to make an administration order |
| Section 124A amended | Provides for petition to be presented by Secretary of State | |
| Section 168 repealed in part | Provides for petition to be presented by FSA against partnerships | |
| Section 422 | Power to apply Parts 1 - 7 to former authorised institutions | |
| Company Directors Disqualification Act 1986 | Section 8 amended | Amended to take account of the new provisions of the Act where a report may be made by inspectors |
| Insolvency Rules 1986 (SI 1986/1925) | rr 2.7, 4.1, 4.50, 4.51, 4.72 amended | Replaces references to ‘authorised institution’ with references to ‘authorised deposit taker’ |
| rr 4.1, 4.72, Sch 1 amended | Replaces references to ‘Deposit Protection Board’ with references to ‘Scheme Manager’ | |
| r 4.152 amended | Provides for a representative of the FSA or Scheme Manager to be a member of the liquidation committee | |
| r 12.3 amended | Amended to take account of the new provisions of the Act revising classes of postponed debts | |
| r 13.12A added | Provides definitions of ‘authorised deposit taker’ and ‘former authorised deposit taker’ and ‘former authorised deposit taker’ |