OpenLegislation

Introductory text

England and Wales

Banks And Banking England And Wales

Insolvency

Made 23rd February 2009

Laid before Parliament 24th February 2009

Coming into force 25th February 2009

The Lord Chancellor makes the following Rules in exercise of his powers under section 411(1A)(a), (2), (2C) and (3) of the Insolvency Act 1986f1.

The Treasury concur in the making of the Rules.

The Chancellor of the High Court (by the authority of the Lord Chief Justice under section 411(7) of the Insolvency Act 1986) concurs in the making of the Rules in so far as they affect court procedure.

The Lord Chancellor has not consulted the Committee existing for the purposes of section 413 of the Insolvency Act 1986: this is the first set of rules made in reliance on section 125 of the Banking Act 2009f2, and the duty to consult does not therefore apply to these rules by virtue of section 125 (8) of that Act.

Annotations

Footnotes

f1

1986 c.45. Section 411 was amended by the Constitutional Reform Act 2005 (2005 c.4), section 15 and Schedule 4, paragraphs 185 and 188, by S.I. 2002/1037and by the Banking Act 2009 (c.1), section 125.

f2

2009 c. 1.