# The Insolvency (Amendment) Rules 2001, Note: Explanatory note


(This note is not part of the Rules)
These Rules further amend the Insolvency Rules 1986 (S.I. 1986/1925) (“the Rules”) which set out detailed procedures for the conduct of all company and individual insolvency proceedings in England and Wales under the Insolvency Act 1986 (c. 45), with effect from 2nd April 2001.
These Rules amend the power to make regulations which is contained in rule 12.1 of the Rules by ensuring that regulations may be made with respect to the investment of moneys coming into the hands of a trustee of a bankrupt’s estate and for the payment of interest on sums which, in pursuance of regulations made under rule 12.1, are paid by such a trustee into the Insolvency Services Account. This is done by removing a limitation to liquidators which is in rule 12.1(1)(f) of the Rules.
A Regulatory Impact Assessment is available, copies of which have been placed in the libraries of both Houses of Parliament. Copies are also available from The Insolvency Service of the Department of Trade and Industry, PO Box 203, Room 5.1, 21 Bloomsbury Street, London WC1B 3QW.

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Source: https://www.legislation.gov.uk/uksi/2001/763/note (the official version)
Page: https://openlegislation.uk/insolvency-amendment-rules-2001/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.