{
  "url": "https://openlegislation.uk/draft-small-business-enterprise-and-employment-act-2015-consequential-amendments-savings-and-transitional-provisions-regulations-2017/regulation-25",
  "json_url": "https://openlegislation.uk/draft-small-business-enterprise-and-employment-act-2015-consequential-amendments-savings-and-transitional-provisions-regulations-2017/regulation-25.json",
  "legislation": "ukdsi/2017/9780111162675",
  "legislation_title": "The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/draft-small-business-enterprise-and-employment-act-2015-consequential-amendments-savings-and-transitional-provisions-regulations-2017",
  "path": "regulation/25",
  "kind": "regulation",
  "number": "25",
  "heading": "Savings in relation to insolvency proceedings",
  "text": "(1) Despite the revocation of the Insolvency Rules, those Rules apply as they applied before they were revoked for the purposes of—\n(a) a proposal to a society and its creditors for a voluntary arrangement within the meaning given in section 1 of the Insolvency Act 1986 as applied in relation to a relevant society by article 2(1) of the 2014 Order;\n(b) the administration of a society under Part 2 of the Insolvency Act 1986 as applied by article 2(2) of the 2014 Order; and\n(c) proceedings instituted in England and Wales for the winding up of a relevant scheme (within the meaning given in regulation 17(1)(a) of the Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013).\n(2) In this regulation—\n“the 2014 Order” means the Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014; and\n“society” means a relevant society within the meaning given in article 1(2) of the 2014 Order which the courts in England and Wales have jurisdiction to wind up.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 1 was amended by the Insolvency Act 2000 (c. 39), Schedule 2, paragraphs 1 and 2, and by the Enterprise Act 2002, Schedule 17, paragraphs 9 and 10. There are other amendments, but they are not relevant."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2017/9780111162675/regulation/25",
    "retrieved_at": "2026-10-30T15:05:43.896119+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."
}