# The Legislative Reform (Insolvency) (Individual Voluntary Arrangements) Order 2008, Introduction: Introductory text


Draft Order laid before Parliament under section 14(1) of the Legislative and Regulatory Reform Act 2006, for approval by resolution of each House of Parliament.
Insolvency
Regulatory Reform
Made … 2009
Coming into force 6th April 2009
The Secretary of State for Business, Enterprise and Regulatory Reform, in exercise of the powers conferred by section 1(1) and (8) of the Legislative and Regulatory Reform Act 2006, makes the following Order:
For the purposes of section 3(1) of the Legislative and Regulatory Reform Act 2006, he considers, where relevant, that the conditions under section 3(2) are satisfied.
He has consulted in accordance with section 13(1) and (3) of that Act.
He laid a draft Order and an explanatory document before Parliament in accordance with section 14(1) of that Act.
Pursuant to section 15 of that Act, the affirmative resolution procedure (within the meaning of Part 1 of that Act) applies in relation to the making of the Order.
In accordance with section 17(2) of that Act, the draft has been approved by resolution of each House of Parliament after the expiry of the 40-day period referred to in that provision.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110845845/introduction (the official version)
Page: https://openlegislation.uk/draft-legislative-reform-insolvency-individual-voluntary-arrangements-order-2008/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.