# The Insolvency Act 1986, Section 72A (Appointed Date) Order 2003, Note: Explanatory note


(This note is not part of the Order)
This Order provides the date required by section 72A(4)(a) of the Insolvency Act 1986 which is prospectively inserted by section 250 of the Enterprise Act 2002. Floating charges created on or after this date will be subject to the provisions of section 72A of the Insolvency Act 1986 prohibiting the appointment of administrative receivers unless it falls within one of the exceptions specified.

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Source: https://www.legislation.gov.uk/uksi/2003/2095/note (the official version)
Page: https://openlegislation.uk/insolvency-act-1986-section-72a-appointed-date-order-2003/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.