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Article 197C Powers to amend Article 197B and Schedule 2ZZAC1F1

(1)

Regulations may omit any of sub-paragraphs (a) to (g) of Article 197B(2) (relevant insolvency procedures).

(2)

Regulations may amend Schedule 2ZZA so as to—

(a)

remove or amend any exclusion from Article 197B for the time being specified there, or

(b)

add further exclusions from Article 197B.

(3)

In paragraph (2), references to exclusions from Article 197B are to circumstances in which Article 197B, or any provision of that Article, does not apply.

(4)

The circumstances referred to in paragraph (3) may be framed by reference to kinds of company, supplier, contract, goods or services or in any other way.

(5)

Regulations under this Article may make—

(a)

consequential provision;

(b)

transitional and supplementary provision.

(6)

Regulations under this Article made by virtue of paragraph (5) may in particular make provision amending this Order or any other statutory provision whenever passed or made (including, if paragraph 1(1) or (2) of Schedule 2ZZA is omitted, provision omitting Article 197A or 197 respectively).

(7)

Regulations may not be made under this Article unless a draft of the regulations has been laid before, and approved by a resolution of, the Assembly.

Annotations

Textual amendments

F1

Arts. 197B, 197C inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), ss. 18(1), 49(1) (with ss. 2(2), 5(2), 18(4))

Modifications

C1

Pt. 7 applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 1A para. 3 (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 1)

Notes on Part VII

Modifications

C1

Pt. 7 modified (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), ss. 19, 49(1) (with ss. 2(2), 5(2))

C2

Pt. 7 modified by S.R. 2004/307 (as amended (1.10.2006) by Limited Liability Partnerships (Amendment) Regulations (Northern Ireland) 2006 (S.R. 2006/377), reg. 3, Sch. 2; (temp.) (27.4.2020 retrospective) by virtue of Corporate Insolvency and Governance Act 2020 (c. 12), Sch. 11 para. 8(1)(2), 14 (with ss. 2(2), 5(2)); (26.6.2020) by The Limited Liability Partnerships (Amendment etc.) Regulations 2020 (S.I. 2020/643), reg. 1(1), Sch. 2 (with reg. 3); (16.2.2021) by The Limited Liability Partnerships (Amendment etc.) Regulations 2021 (S.I. 2021/60), reg. 1(1), Sch. 2 (with reg. 4(2)))