# The Railways (Access, Management and Licensing of Railway Undertakings) Regulations 2016, Paragraph 2: The Insolvency Act 1986

Extent: E+W+S

In Schedule 2A to the Insolvency Act 1986 (exceptions to prohibition on appointment of administrative receiver: supplementary provisions), for paragraph 10(1)(n) substitute—
“(n) in reliance on a European licence granted pursuant to—
(i) 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 or Chapter III of Directive 2012/34/EU of the European Parliament and of the Council of 21st November 2012 establishing a single European railway area (recast), or
(ii) any action taken by an EEA State for that purpose.”.

---
Source: https://www.legislation.gov.uk/uksi/2016/645/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/railways-access-management-and-licensing-of-railway-undertakings-regulations-2016/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.