Introductory text
England and Wales
Building Societies, England And Wales
Insolvency, England And Wales
Made 20th October 2010
Laid before Parliament 25th October 2010
Coming into force 15th November 2010
The Lord Chancellor makes the following Rules in exercise of his powers under section 411(1A)(a), (2), (2C),(3) and (3A) 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)f2 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 relation to building society insolvency and the duty to consult does not therefore apply to these Rules by virtue of article 16 of the Building Societies (Insolvency and Special Administration) Order 2009f3.
Annotations
Footnotes
- f1
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1986 c.45. Section 411 was amended by the Banking Act 2009 (c.1), section 125. Subsection 3(A) was inserted by S.I. 2009/805.
- f2
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Section 411(7) was added by the Constitutional Reform Act 2005 (c.4), section 15 and Schedule 4, paragraphs 185 and 188.
- f3
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S.I. 2009/805, amended by S.I. 2010/1189.