Explanatory note

These Rules make miscellaneous amendments to allow for the proper operation of the Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 (S.I. 2018/1082) (“the 2018 SI”), and the Insolvency (Scotland) (Receivership and Winding up) Rules 2018 (S.S.I. 2018/347) (“the 2018 SSI”).

The 2018 SI updated processes and procedures relating to company voluntary arrangements and administration. It also revoked the parts of the Insolvency (Scotland) Rules 1986 (S.I. 1986/1915) (“the 1986 Rules”) which related to company voluntary arrangements and administration.

The 2018 SSI updated processes and procedures relating to receivership and winding up. It also revoked the parts of the 1986 Rules which related to receivership and winding up.

Rules 3 to 6 make amendments to references in primary and subordinate legislation to the 1986 Rules to adjust these so as to provide the appropriate references to the 2018 SI or the 2018 SSI.

Rule 7 makes amendments to the 2018 SI and rule 8 makes amendments to the 2018 SSI. The purpose of these amendments is to effect minor corrections and clarifications.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.

An Explanatory Memorandum has been prepared and is available alongside these Rules at www.legislation.gov.uk. Hard copies of the Explanatory Memorandum are available from Insolvency Service, 4 Abbey Orchard Street, London, SW1P 2HT.