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Section 901B: Power to exclude companies providing financial services, etc

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 26A: Arrangements and reconstructions: companies in financial difficulty

The Secretary of State may by regulations provide that this Part does not apply—

where the company in respect of which a compromise or arrangement is proposed is an authorised person, or an authorised person of a specified description;
where—
a compromise or arrangement is proposed between a company, or a company of a specified description, and any creditors of the company, and
those creditors consist of or include creditors of a specified description.

In this section—

  • "authorised person" has the same meaning as in the Financial Services and Markets Act 2000 (see section 31 of that Act);

  • "specified" means specified in the regulations.

Regulations under this section are subject to affirmative resolution procedure.

About this text

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.