# The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2017, Regulation 25: Savings in relation to insolvency proceedings


(1) Despite the revocation of the Insolvency Rules, those Rules apply as they applied before they were revoked for the purposes of—
(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;
(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
(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).
(2) In this regulation—
“the 2014 Order” means the Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014; and
“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.

---
Source: https://www.legislation.gov.uk/ukdsi/2017/9780111162675/regulation/25 (the official version)
Page: https://openlegislation.uk/draft-small-business-enterprise-and-employment-act-2015-consequential-amendments-savings-and-transitional-provisions-regulations-2017/regulation-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.