Regulation 2 Amendments to the 1990 Regulations

(1)

Subject to paragraph (2), the Insolvency Practitioners Regulations 1990^f1 (“the 1990 Regulations”) are amended as set out below.

(2)

In relation to a case where—

(a)

a proposal is made by the directors of a company and before the appointed day the intended nominee has endorsed a copy of the written notice of the proposal under Rule 1.4(3) of the Insolvency Rules 1986^f2, or, in Scotland, under Rule 1.4(3) of the Insolvency (Scotland) Rules 1986^f3;

(b)

a proposal is made by the liquidator or the administrator (acting as nominee) and before the appointed day the liquidator or administrator (as the case may be) has sent out a notice summoning the meetings under section 3 of the Act as required by Rule 1.11 of the Insolvency Rules 1986, or, in Scotland, by Rule 1.11 of the Insolvency (Scotland) Rules 1986; or

(c)

a proposal is made by the liquidator or the administrator of a company (not acting as the nominee) and before the appointed day the intended nominee has endorsed a copy of the written notice of the proposal under Rule 1.12(2) of the Insolvency Rules 1986, or, in Scotland, Rule 1.12(2) of the Insolvency (Scotland) Rules 1986,

the amendments made by these Regulations shall not apply and the 1990 Regulations as they stand immediately before the coming into force of these Regulations shall continue to apply.

Annotations

Footnotes

f1: S.I. 1990/439 as amended by S.I. 1993/221.
f2: S.I. 1986/1925.
f3: S.I. 1986/1915.