# Small Business, Enterprise and Employment Act 2015, Section 121: Exercise of powers by trustee in bankruptcy: removal of need for sanction


(1) The Insolvency Act 1986 is amended as follows.
(2) In section 314 (bankruptcy: powers of trustee)—
(a) for subsection (1) substitute—
“(1) The trustee may exercise any of the powers specified in Parts 1 and 2 of Schedule 5.”,
(b) in subsection (2), omit “With the permission of the creditors' committee or the court,”, and
(c) omit subsections (3) and (4).
(3) In Schedule 5 (powers of trustee in bankruptcy), omit the headings for each of Parts 1 to 3.

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Source: https://www.legislation.gov.uk/ukpga/2015/26/section/121 (the official version)
Page: https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/section-121
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.