Paragraph 36 Modifications of the Insolvency Act 1986F1

Section 5 is to have effect as if after subsection (4) there were inserted—

“(4A)

Where the CIO is in housing administration, the court must not make an order or give a direction under subsection (3) unless—

(a)

the court has given the Secretary of State or the Regulator of Social Housing a reasonable opportunity of making representations to it about the proposed order or direction, and

(b)

the order or direction is consistent with the objectives of the housing administration.

(4B)

In subsection (4A) “in housing administration” and “objectives of the housing administration” are to be read in accordance with Schedule B1 to this Act, as applied by Schedule 2 to the Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012.”