Regulation 2
Prescribed companies for purposes of definition of “company” in section 440(6) of Act
of Insolvency, Restructuring and Dissolution (Prescribed Companies under Section 440) Order 2020
Subsidiary LegislationIn forceProvision 2 of 2
Regulation 2
Subregulation 1
The following classes of companies are prescribed as excluded companies for the purposes of the definition of “company” in section 440(6) of the Act:
(a)
a covered bond special purpose vehicle;
(b)
a securitisation special purpose vehicle.
Subregulation 2
In this paragraph —
Definition
“company” means a corporation liable to be wound up under the Act;
Definition
“covered bond special purpose vehicle” and “securitisation special purpose vehicle” have the meanings given by paragraph 2 of the Insolvency, Restructuring and Dissolution (Prescribed Companies and Entities) Order 2020 (G.N. No. S 619/2020).