# The Railway (Licensing of Railway Undertakings) Regulations 2005, Paragraph 2: The Insolvency Act 1986


In Schedule 2A to the Insolvency Act 1986 (exceptions to prohibition on appointment of administrative receiver: supplementary provisions)—
(a) at the end of paragraph 10(1)(l), omit “or”;
(b) at the end of paragraph 10(1)(m), add—
“or
(n) in reliance on a European licence granted pursuant to a provision contained in any instrument made for the purpose of implementing Council Directive 1995/18/EC dated 19th June 1995 on the licensing of railway undertakings, as amended by Directive 2001/13/EC dated 26th February 2001 and Directive 2004/49/EC dated 29th April 2004, both of the European Parliament and of the Council, or pursuant to any action taken by an EEA State for that purpose.”; and
(c) after paragraph 10(2A), add—
“(2B) In sub-paragraph (1)(n), an “EEA State” means a member State, Norway, Iceland or Liechtenstein.”.

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Source: https://www.legislation.gov.uk/uksi/2005/3050/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/railway-licensing-of-railway-undertakings-regulations-2005/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.