Skip to content
Back to the text

Financial Holding Companies Act 2013 · s 45

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?

The text as we hold it

Open the official text

s 45Interpretation of this Part

In this Part, unless the context otherwise requires —“business” includes affairs and property;“office-holder”, in relation to a designated financial holding company, means any person acting in relation to the designated financial holding company as its liquidator, provisional liquidator, receiver, receiver and manager or an equivalent person;“relevant business” means any business of a designated financial holding company —

(a)

which the Authority has assumed control of under section 47(2)(c); or

(b)

in relation to which a statutory adviser or a statutory manager has been appointed under section 47(2)(b) or (c);“statutory adviser” means a statutory adviser appointed under section 47;“statutory manager” means a statutory manager appointed under section 47.

“business” includes affairs and property;

“office-holder”, in relation to a designated financial holding company, means any person acting in relation to the designated financial holding company as its liquidator, provisional liquidator, receiver, receiver and manager or an equivalent person;

“relevant business” means any business of a designated financial holding company —

(a)

which the Authority has assumed control of under section 47(2)(c); or

(b)

in relation to which a statutory adviser or a statutory manager has been appointed under section 47(2)(b) or (c);

“statutory adviser” means a statutory adviser appointed under section 47;

“statutory manager” means a statutory manager appointed under section 47.