- Status
- In Force
- Penalty ceiling
- Regulated
Does it bind you?
Business-side roles with duties under this instrument.
Trader3
Plus 3 duties on the regulator, Crown ministers and public bodies — folded into the section list below.
Other Acts binding the same actors
If a role above is yours, these are the other instruments that most often bind it.
Trader — also bound by 825 other Acts
Value Added Tax Regulations 1995
416 duties
Companies Act 2006
243 duties
Companies Act 1985
85 duties
What it requires
Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.
s.art010
Initiation of proceedings on the substance of the matter
Regulated
- Initiate main proceedings within time limit to keep your Preservation OrderTrader
s.art014
Request for the obtaining of account information
Regulated
Other duties (1) — Crown / regulator
- Creditors can request court to obtain bank account details of debtorStatutory regulator
s.art016
Parallel applications
Regulated
- Disclose other preservation applications and avoid duplicating court claimsTrader
s.art023
Enforcement of the Preservation Order
Regulated
Other duties (1) — Crown / regulator
- Competent authority must enforce European Account Preservation Order without delayTribunal / Court
s.art027
Duty of the creditor to request the release of over-preserved amounts
Regulated
- Request release of over-preserved amounts from frozen accounts within 3 working daysTrader
s.art028
Service on the debtor
Regulated
Other duties (1) — Crown / regulator
- Court or creditor must serve Preservation Order on debtor within 3 working daysTribunal / Court
48 other provisions — procedural and definitional
s.art001
Subject matter
s.art002
Scope
s.art003
Cross-border cases
s.art004
Definitions
s.art005
Availability
s.art006
Jurisdiction
s.art007
Conditions for issuing a Preservation Order
s.art008
Application for a Preservation Order
s.art009
Taking of evidence
s.art011
Ex parte procedure
s.art012
Security to be provided by the creditor
s.art013
Liability of the creditor
s.art015
Interest and costs
s.art017
Decision on the application for the Preservation Order
s.art018
Time-limits for the decision on the application for a Preservation Order
s.art019
Form and content of the Preservation Order
s.art020
Duration of the preservation
s.art021
Appeal against a refusal to issue the Preservation Order
s.art022
Recognition and enforceability
s.art024
Implementation of the Preservation Order
s.art025
Declaration concerning the preservation of funds
s.art026
Liability of the bank
s.art029
Transmission of documents
s.art030
Preservation of joint and nominee accounts
s.art031
Amounts exempt from preservation
s.art032
Ranking of the Preservation Order
s.art033
Remedies of the debtor against the Preservation Order
s.art034
Remedies of the debtor against enforcement of the Preservation Order
s.art035
Other remedies available to the debtor and the creditor
s.art036
Procedure for the remedies pursuant to Articles 33, 34 and 35
s.art037
Right to appeal
s.art038
Right to provide security in lieu of preservation
s.art039
Right of third parties
s.art040
Legalisation or other similar formality
s.art041
Legal representation
s.art042
Court fees
s.art043
Costs incurred by the banks
s.art044
Fees charged by authorities
s.art045
Time frames
s.art046
Relationship with national procedural law
s.art047
Data protection
s.art048
Relationship with other instruments
s.art049
Languages
s.art050
Information to be provided by Member States
s.art051
Establishment and subsequent amendment of the forms
s.art052
Committee procedure
s.art053
Monitoring and review
s.art054
Entry into force
Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.