# The Insolvency (Amendment) Regulations 1987, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Insolvency Regulations 1986 (S.I. 1986/1994), which regulate matters which are of an administrative and not of a judicial character in the conduct of company and individual insolvency proceedings. In particular they:—
(a) permit the issuing of cheques in addition to payable orders from the Insolvency Services Account in relation to windings up by the court and bankruptcies;
(b) alter the rates for remuneration payable to the official receiver in certain cases;
(c) impose obligations as regards the length of time insolvency practitioners must keep records of insolvency cases;
(d) effect amendments consequential upon the enactment of the Banking Act 1987.
These Regulations apply to all insolvency proceedings to which the Insolvency Regulations 1986 apply on and after 11th January 1988, whether or not those proceedings were commenced before, on or after that date.

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Source: https://www.legislation.gov.uk/uksi/1987/1959/note (the official version)
Page: https://openlegislation.uk/insolvency-amendment-regulations-1987/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.