Article 2 Provisions coming into operation on 16th October 2026I1

Northern Ireland

(1)

The day appointed for the coming into operation of the provisions of the Act mentioned in paragraph (2) is 16th October 2026.

(2)

The provisions to which paragraph (1) applies are—

(a)

section 1 (introductory);

(b)

section 2 (power for administrator to bring claim for fraudulent or wrongful trading);

(c)

section 3 (power for liquidator or administrator to assign cause of action);

(d)

section 4 (application of proceeds of office-holder claims);

(e)

section 5 (exercise of powers by liquidator: removal of need for sanction);

(f)

section 6 (exercise of powers by trustee in bankruptcy: removal of need for sanction);

(g)

section 50(4) (release of liquidator following rescission of winding-up order made by the High Court);

(h)

section 62 (provision that may be included in company insolvency rules);

(i)

section 87 (provision that may be included in individual insolvency rules);

(j)

section 88 (extension of administrator’s term of office);

(k)

section 89 (administration: payments to unsecured creditors);

(l)

section 90 (creditors not required to prove small debts: company insolvency);

(m)

section 91 (creditors not required to prove small debts: individual insolvency);

(n)

section 93 (abolition of fast-track voluntary arrangements);

(o)

section 102 (miscellaneous provision about insolvency law) insofar as it relates to the provisions in Schedule 3 to the Act which are brought into operation by sub-paragraph (v);

(p)

section 103 (notice of proposed resolution for voluntary winding up);

(q)

section 104 (notice of result of resolution to wind up voluntarily);

(r)

section 105 (presentation of bankruptcy petition: conditions to be satisfied);

(s)

section 106 (orders relating to recognized professional bodies to be subject to negative resolution);

(t)

section 116 (supplemental and transitional provisions);

(u)

section 117 (amendments to the Schedules to the 1995 Order) insofar as ir relates to the paragraphs in Schedule 4 to the Act which are brought into operation by sub-paragraph (w);

(v)

In Schedule 3 (miscellaneous amendments of insolvency law)

(i)

paragraph 1 insofar as it relates to paragraph 2 of that Schedule;

(ii)

paragraph 2;

(iii)

paragraph 6;

(iv)

paragraph 9;

(v)

Part 5, except paragraph 23(a).

(w)

in Schedule 4 (insolvent partnerships: amendments to Schedules in the 1995 Order)

(i)

paragraph 1 insofar as it relates to paragraphs (2), (3) and 7(4) and (5) of Schedule 4;

(ii)

paragraph 2;

(iii)

paragraph 3;

(iv)

paragraph 7(1) insofar as it relates to paragraph 7(4) and (5):

(v)

paragraph 7(4) and (5);

(vi)

paragraph 11 insofar as it relates to paragraphs 12, 14 to 19, 23(1) and (2), 25, 27 and 31 of Schedule 4;

(vii)

paragraph 12;

(viii)

paragraphs 14 to 19;

(ix)

paragraph 23(1) insofar as it relates to sub-paragraph (2) of that paragraph;

(x)

paragraph 23(2);

(xi)

paragraph 25;

(xii)

paragraph 27;

(xiii)

paragraph 31;

(xiv)

paragraph 32 insofar as it relates to paragraphs 34 and 36 of Schedule 4;

(xv)

paragraph 34;

(xvi)

paragraph 35, insofar is it inserts paragraph 8E into Schedule 3 to the 1995 Order;

(xvii)

paragraph 36;

(xviii)

paragraph 37 insofar as it relates to paragraphs 38, 39, 41, 42, 52, 56 to 58, 60, 62 and 63 of Schedule 4;

(xix)

paragraph 38;

(xx)

paragraph 39;

(xxi)

paragraph 41;

(xxii)

paragraph 42;

(xxiii)

paragraph 52;

(xxiv)

paragraphs 56 to 58;

(xxv)

paragraph 60;

(xxvi)

paragraphs 62 to 67;

(xxvii)

paragraph 68 insofar as it relates to paragraphs 69, 71, 81 and 82 of Schedule 4;

(xxviii)

paragraph 69;

(xxix)

paragraph 71;

(xxx)

paragraphs 81 and 82;

(xxxi)

paragraph 84 insofar as it relates to paragraphs 85 and 87 to 94 of Schedule 4;

(xxxii)

paragraph 85;

(xxxiii)

paragraphs 87 to 95.

Annotations

Commencement

I1: Art. 2 in operation at made date