Regulation 4 Non-public purposes for which information may be disclosed to specified persons

(1)

The registrar may disclose information to a person specified in regulation 3(a) or (c) if the registrar is satisfied that the information is necessary for the purpose of assisting the specified person to make or determine whether to make an application to the court for an order under the following provisions—

(a)

section 213 of the 1986 Act or Article 177 of the 1989 Order (fraudulent trading);

(b)

section 214 of the 1986 Act or Article 178 of the 1989 Order (wrongful trading), including as applied to limited liability partnerships by the Limited Liability Partnerships Regulations 2001^f1;

(c)

section 214A of the 1986 Act (adjustment of withdrawals)^f2;

(d)

section 238 of the 1986 Act (transactions at an undervalue (England and Wales)) or Article 202 of the 1989 Order (transactions at an undervalue);

(e)

section 239 of the 1986 Act (preferences (England and Wales)) or Article 203 of the 1989 Order (preferences);

(f)

section 242 of the 1986 Act (gratuitous alienations (Scotland));

(g)

section 243 of the 1986 Act (unfair preferences (Scotland));

(h)

section 244 of the 1986 Act or Article 206 of the 1989 Order (extortionate credit transactions);

(i)

section 246ZA of the 1986 Act (fraudulent trading: administration);

(j)

section 246ZB of the 1986 Act (wrongful trading: administration).

(2)

The registrar may disclose information to a person specified in regulation 3(b) or (c) if the registrar is satisfied that the information is necessary for the purpose of assisting the specified person to make or determine whether to make an application to the court for an order under the following provisions—

(a)

section 339 of the 1986 Act or Article 312 of the 1989 Order (transactions at an undervalue);

(b)

section 340 of the 1986 Act or Article 313 of the 1989 Order (preferences);

(c)

section 343 of the 1986 Act or Article 316 of the 1989 Order (extortionate credit transactions).

(3)

The registrar may disclose information to a person specified in regulation 3(d), (e), (f) or (g) (d) if the registrar is satisfied that the information is necessary for the purpose of assisting the specified person to bring a challenge or determine whether to bring a challenge to the court under the following provisions of the 2016 Act—

(a)

section 98 (gratuitous alienations);

(b)

section 99 (unfair preferences).

(4)

The registrar may disclose information to a person specified in regulation 3(d) or (e) if the registrar is satisfied that the information is necessary for the purpose of assisting the specified person to make an application or determine whether to make an application to the court for an order under section 209 of the 2016 Act (extortionate credit transactions).

(5)

The registrar may disclose information to the person specified in regulation 3(d) if the registrar is satisfied that the information is necessary for the purpose of assisting the specified person to carry out any function in connection with sequestrations under the 2016 Act.

(6)

The registrar may disclose information to a person specified in regulation 3 if the registrar is satisfied that the information is necessary for the purpose of assisting a specified person to trace, realise or recover property in collective judicial or administrative proceedings pursuant to a law relating to insolvency in which the assets and affairs of a debtor are subject to control or supervision by a court for the purpose of reorganisation or liquidation.

(7)

In this regulation―

“limited liability partnerships” means a limited liability partnership registered under the Limited Liability Partnerships Act 2000^f3;
“the court” means―
1. (a)
  
  the court having jurisdiction for the purpose of the Insolvency Act 1986, or
2. (b)
  
  the High Court in Northern Ireland.

Annotations

Footnotes

f1: S.I. 2001/1090.
f2: See regulation 5 of, and Schedule 3 to, S.I. 2001/1090.
f3: 2000 c. 12.