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The Insolvency Practitioners (Amendment) Regulations 2004

S.I. 2004/473 · Made 25 February 2004

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

INSOLVENCY

INSOLVENCY PRACTITIONERS

Made 25th February 2004

Laid before Parliament 26th February 2004

Coming into force 1st April 2004

The Secretary of State, in exercise of the powers conferred upon her by section 419 of the Insolvency Act 1986 f1 hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1986 c. 45.

Contents

  1. 1Citation, commencement, effect and interpretation
  2. 2Revocation of Regulation 9 of the Insolvency Practitioners Regulations 1990
  3. Signature
  4. Explanatory note

1Citation, commencement, effect and interpretation

These Regulations may be cited as the Insolvency Practitioners (Amendment) Regulations 2004 and shall come into force on 1st April 2004.

2Revocation of Regulation 9 of the Insolvency Practitioners Regulations 1990

Regulation 9 of the Insolvency Practitioners Regulations 1990f1 is revoked.

Signature

Gerry Sutcliffe,

Parliamentary Under Secretary of State for Employment Relations, Competition and Consumers,

Department of Trade and Industry

25th February 2004

Explanatory note

(This note is not part of these Regulations)

These Regulations revoke regulation 9 of the Insolvency Practitioners Regulations 1990 which makes provision for the charging of a fee on the making of an application to the Secretary of State for the granting of an authorisation to act as an insolvency practitioner. This is because the relevant provisions regarding the Secretary of State’s powers in relation to fees are now contained within section 415A of the Insolvency Act 1986, which is inserted by section 270 of the Enterprise Act 2002. As a result of section 270(3) of the Enterprise Act 2002 the power to prescribe fees for the purposes of section 392(3)(c) under section 419 of the Insolvency Act 1986 will no longer cover applications for authorisation to act as an insolvency practitioner that are made to the Secretary of State.

A regulatory impact assessment was prepared in connection with the Enterprise Act 2002. Copies of this may be obtained from the Policy Unit, The Insolvency Service, 21 Bloomsbury Street, London WC1B 3QW.