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In forceUpdated to 30 Jun 2025
Contents

Part 8 · Resolution of Financial Institutions

131. Modification of law of insolvency

Despite anything to the contrary in this Act, the Companies Act 1967 and the Insolvency, Restructuring and Dissolution Act 2018 —

(a)

any sale, transfer, assignment or other disposition of any property or business of a pertinent financial institution pursuant to section 67 or 73 must not be reversed, repaid or set aside, except where a certificate has been issued under section 71 to reverse such sale, transfer, assignment or other disposition; and

(b)

no order may be made by any court for the rectification or stay of any such sale, transfer, assignment or other disposition.

Report

Part 9

Digital Token Service Providers

Part 10

Inspection Powers of Authority

Part 10A

Investigations

Part 11

Offences

Part 12

Miscellaneous

Part 13

Consequential and Related Amendments to Other Acts

Part 14

Savings and Transitional Provisions

Schedules