{
  "url": "https://openlegislation.uk/disqualified-directors-compensation-orders-fees-order-northern-ireland-2026/note",
  "json_url": "https://openlegislation.uk/disqualified-directors-compensation-orders-fees-order-northern-ireland-2026/note.json",
  "legislation": "nisr/2026/17",
  "legislation_title": "The Disqualified Directors Compensation Orders (Fees) Order (Northern Ireland) 2026",
  "legislation_url": "https://openlegislation.uk/disqualified-directors-compensation-orders-fees-order-northern-ireland-2026",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order makes provision for charging fees for the function of distributing sums paid to the Department for the Economy (“the Department”) under the terms of compensation orders and undertakings for the benefit of creditors. The ability for the Department to apply for compensation orders to be made against and to accept compensation undertakings from, disqualified directors under Article 19A of the Company Directors Disqualification (Northern Ireland) Order 2002 (S.I. 2002/3150 (N.I. 4)) was introduced by paragraph 8 of Schedule 8 to the Small Business, Enterprise and Employment Act 2015 (c.26) which came into force on 1st October 2015.\nPursuant to Article 2, the fee is to be satisfied out of the sum to be paid to a creditor in respect of the compensation order or undertaking. Its amount is to be calculated on the basis of the hourly rates set out in the Schedule and any necessary disbursements or expenses properly incurred.\nArticle 3 sets out when Value Added Tax must also be applied.\nA regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen. An Explanatory Memorandum is published alongside the instrument at www.legislation.gov.uk",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2026/17/note",
    "retrieved_at": "2026-10-29T00:24:28.205263+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}