Definitions for financial service provider insolvency rules clarify roles, regulators, and key identifiers for proceedings.

Definitions establish the core terms for insolvency and liquidation proceedings of financial service providers: Administrator (individual appointed by the Adjudicating Authority to exercise insolvency or liquidation powers), Advisory Committee (committee constituted by the appropriate regulator), appropriate regulator (financial sector regulator notified under the Code), Code (Insolvency and Bankruptcy Code, 2016), Form (Forms appended to the Rules), and identification number (corporate identity number or LLP identification number); undefined expressions adopt meanings from the Code.

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