# Insolvency (Amendment) Act (Northern Ireland) 2026, Paragraph 24

Extent: N.I.
Status: prospective

(1) Schedule 7 (punishment of offences) is amended as follows.
(2) After the entry for Article 172(1) insert—
“
172(2)
Officer of company accounting for property by fictitious losses or expenses.
1. On indictment.
2. Summary.
7 years or a fine, or both.
6 months or the statutory maximum, or both.
-
”.
(3) In the entry for Article 174(1), after “affairs” insert “in the course of winding up”.
(4) After the entry for Article 174(1) insert—
“
174(2)
Officer of company making material omission from statement relating to company’s affairs prior to winding up.
1. On indictment.
2. Summary.
7 years or a fine, or both.
6 months or the statutory maximum, or both.
-
”.

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Source: https://www.legislation.gov.uk/nia/2026/6/schedule/3/paragraph/24 (the official version)
Page: https://openlegislation.uk/insolvency-amendment-act-northern-ireland-2026/schedule-3/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.