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Section 72B: First exception: capital market

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part III: Receivership — CHAPTER IV: PROHIBITION OF APPOINTMENT OF ADMINISTRATIVE RECEIVER

Section 72A does not prevent the appointment of an administrative receiver in pursuance of an agreement which is or forms part of a capital market arrangement if—

a party incurs or, when the agreement was entered into was expected to incur, a debt of at least £50 million under the arrangement, and
the arrangement involves the issue of a capital market investment.

In subsection (1)—

  • "capital market arrangement" means an arrangement of a kind described in paragraph 1 of Schedule 2A, and

  • "capital market investment" means an investment of a kind described in paragraph 2 or 3 of that Schedule.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.