Article 4 Provisions coming into operation on 16th October 2026 for the purpose of enabling the exercise of any power to make provision by regulations, rules or order or to prepare and issue guidanceI1

Northern Ireland

(1)

The day appointed for the coming into operation of the provisions of the Act mentioned in paragraph (2) for the purpose only of enabling the exercise of any power to make provision by regulations, rules or order made by statutory rule or to prepare and issue guidance is 16th October 2026.

(2)

The provisions to which paragraph (1) applies are—

(a)

section 7 (abolition of requirements to hold meetings: company insolvency);

(b)

section 8 (abolition of requirements to hold meetings: individual insolvency);

(c)

section 9 (ability for creditors to opt not to receive certain notices: company insolvency);

(d)

section 10 (ability for creditors to opt not to receive certain notices: individual insolvency);

(e)

section 16 (decisions of meetings);

(f)

section 17 (approval of arrangement);

(g)

section 18 (effect of approval);

(h)

section 19 (challenge of decisions);

(i)

section 21 (administration) insofar as it relates to paragraph 22 of Schedule 1 to the Act;

(j)

section 24 (committee of creditors);

(k)

section 25 (progress report to company);

(l)

section 27 (effect of company’s insolvency);

(m)

section 31 (directors’ statement of affairs to creditors);

(n)

section 32 (appointment of liquidator);

(o)

section 33 (appointment of liquidation committee);

(p)

section 36 (final meeting prior to dissolution);

(q)

section 38 (functions of official receiver in relation to office of liquidator);

(r)

section 40 (choice of liquidator at meetings of creditors and contributories);

(s)

section 42 (liquidation committee);

(t)

section 44 (delegation of High Court’s powers to liquidator);

(u)

section 48 (removal of liquidator: winding up by the High Court);

(v)

section 49 (release of liquidator: voluntary winding up);

(w)

section 50(1) to (3) (release of liquidator: winding up by the High Court);

(x)

section 61 (representation of corporations at meetings);

(y)

section 67 (report of decisions to High Court);

(z)

section 70 (challenge of meeting’s decision);

(aa)

section 78 (trustee’s vacation of office);

(bb)

section 79 (release of trustee);

(cc)

section 80 (vacancy in office of trustee);

(dd)

section 81 (creditors’ committee);

(ee)

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

(ff)

in Schedule 1, paragraph 22 (amendments to Schedule B1 to the 1989 Order);

(gg)

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

(i)

paragraph 1 insofar as it relates to paragraphs (6), 7(1) and (2), 8(3) and (4) and 9(4) of Schedule 4;

(ii)

paragraph 6;

(iii)

paragraph 7(1) insofar as it relates to paragraph 7(2);

(iv)

paragraph 7(2);

(v)

paragraph 8(3) and (4);

(vi)

paragraph 9(4);

(vii)

paragraph 11 insofar as it relates to paragraph 21(1) and (3) of Schedule 4;

(viii)

paragraph 21(1) insofar as it relates to sub-paragraph (3) of that paragraph;

(ix)

paragraph 21(3);

(x)

paragraph 32 insofar as it relates to paragraph 35 of Schedule 4;

(xi)

paragraph 35 of Schedule 4;

(xii)

paragraph 37 insofar as it relates to paragraphs 43, 49 and 61 of Schedule 4;

(xiii)

paragraph 43;

(xiv)

paragraph 49;

(xv)

paragraph 61.

Annotations

Commencement

I1: Art. 4 in operation at made date