Part 24 (Insolvency)
E793183
Part 24 (Insolvency) is a section of the UK Financial Services and Markets Act 2000 that sets out the legal framework for insolvency proceedings relating to authorised financial services firms and related entities.
Statements (30)
| Predicate | Object |
|---|---|
| instanceOf |
Part of an Act of Parliament
ⓘ
Statutory provision ⓘ |
| appliesTo |
Authorised financial services firms
ⓘ
Authorised persons under the Financial Services and Markets Act 2000 ⓘ Certain related entities of authorised firms ⓘ |
| citation | Part 24 of the Financial Services and Markets Act 2000 ⓘ |
| concerns |
Court powers in relation to insolvent authorised persons
ⓘ
Insolvency proceedings of authorised firms ⓘ Interaction between insolvency law and financial regulation ⓘ |
| country | United Kingdom ⓘ |
| enablingAct | Financial Services and Markets Act 2000 NERFINISHED ⓘ |
| jurisdiction | United Kingdom ⓘ |
| legalArea |
Financial services regulation
ⓘ
Insolvency law ⓘ |
| legalSystem | English law ⓘ |
| legislativeBody | Parliament of the United Kingdom NERFINISHED ⓘ |
| objective |
To coordinate regulatory and insolvency procedures for authorised firms
ⓘ
To protect the integrity and stability of the financial system in insolvency situations ⓘ |
| partOf | Financial Services and Markets Act 2000 NERFINISHED ⓘ |
| purpose |
To provide special insolvency provisions for firms regulated under the Financial Services and Markets Act 2000
ⓘ
To set out the legal framework for insolvency proceedings relating to authorised financial services firms ⓘ |
| regulatorInvolved |
Bank of England
NERFINISHED
ⓘ
Financial Conduct Authority NERFINISHED ⓘ Prudential Regulation Authority NERFINISHED ⓘ |
| relatedTo |
General UK insolvency law
ⓘ
Regulation of authorised persons under FSMA 2000 ⓘ Special administration regimes for financial institutions ⓘ |
| scope |
Insolvency of certain appointed representatives and related entities
ⓘ
Insolvency of firms authorised to carry on regulated activities ⓘ |
| yearEnacted | 2000 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Financial Services and Markets Act 2000