UK Act of Parliament 2016 Northern Ireland

Insolvency (Amendment) Act (Northern Ireland) 2016

Read the Act on legislation.gov.uk (opens in a new tab)
Enforced by
Insolvency Service
Status
In Force
Penalty ceiling
Prosecution 1 of 6 obligations carry a fine up to £1,000. 5 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Any Person3 Director or Officer1

Plus 2 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.

Any Person — also bound by 2340 other Acts
Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties

What it requires

Sections 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.001 Attendance at meetings and use of websites (opens in a new tab) Regulated
  • Ensure remote attendee security and provide website access to documentsDirector or Officer
  • Ensure secure arrangements for remote insolvency meetingsAny Person
s.003 Removal of requirement for annual meetings in a members' voluntary and a creditors' voluntary winding up (opens in a new tab) Prosecution
  • Fail to send required progress report to members/creditorsAny Person

Fine up to £1,000

s.018 Court sanction of insolvency practitioners in public interest cases (opens in a new tab) Regulated
  • Comply with professional standards and Court sanction ordersAny Person
Other duties (1) — Crown / regulator
  • High Court may sanction insolvency practitioners for professional failuresTribunal / Court
s.025 Disqualification from office: duty to consult the Lord Chief Justice (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • Lord Chief Justice must be consulted on certain disqualification appealsCrown / Minister / Government department
25 other provisions — procedural and definitional
s.002 References to things in writing (opens in a new tab)
s.004 Requirements in relation to meetings under Articles 81 and 84 of the Insolvency Order (opens in a new tab)
s.005 Individual voluntary arrangements: removal of requirement to submit a nominee's report to the High Court (opens in a new tab)
s.006 Fast-track voluntary arrangements: notification of the Department (opens in a new tab)
s.007 Powers of liquidator exercisable with or without sanction in a winding up (opens in a new tab)
s.008 Powers of trustee exercisable with or without sanction in a bankruptcy (opens in a new tab)
s.009 Definition of debt (opens in a new tab)
s.010 Treatment of liabilities relating to contracts of employment (opens in a new tab)
s.011 Deeds of arrangement (opens in a new tab)
s.012 Bankruptcy: early discharge procedure (opens in a new tab)
s.013 After-acquired property of bankrupt (opens in a new tab)
s.014 Authorisation of insolvency practitioners (opens in a new tab)
s.015 Regulatory objectives (opens in a new tab)
s.016 Oversight of recognised professional bodies (opens in a new tab)
s.017 Recognised professional bodies: revocation of recognition (opens in a new tab)
s.019 Power for Department to obtain information (opens in a new tab)
s.020 Compliance orders (opens in a new tab)
s.021 Power to establish single regulator of insolvency practitioners (opens in a new tab)
s.022 Regulations under section 21: designation of existing body (opens in a new tab)
s.023 Power to make regulations (opens in a new tab)
s.024 Company arrangement or administration provision to apply to a credit union (opens in a new tab)
s.026 Interpretation (opens in a new tab)
s.027 Transitional provisions, minor and consequential amendments and repeals (opens in a new tab)
s.028 Commencement (opens in a new tab)
s.029 Short title (opens in a new tab)
Schedules

Schedules

0 of 55 shown
55 other schedules
s.003 MINOR AND CONSEQUENTIAL AMENDMENTS (opens in a new tab)
s.sch001 SINGLE REGULATOR OF INSOLVENCY PRACTITIONERS: SUPPLEMENTARY PROVISION (opens in a new tab)
s.sch001 (1) This Schedule has effect in relation to regulations under...
s.sch001 The Regulations may provide that the Department may make grants...
s.sch001 (1) This paragraph applies where the Regulations include provision enabling...
s.sch001 The Regulations must provide that— (a) the body is not...
s.sch001 (1) This paragraph applies if the Regulations make provision designating...
s.sch001 (1) This paragraph applies where the body is an unincorporated...
s.sch001 (1) The Regulations must prescribe the name by which the...
s.sch001 (1) The Regulations must provide that the body must pay...
s.sch001 The Regulations must provide that— (a) the body may appoint...
s.sch001 (1) The Regulations may make provision about the proceedings of...
s.sch001 (1) The Regulations may make provision— (a) about the setting...
s.sch001 The Regulations may make provision as to the circumstances and...
s.sch001 (1) The Regulations may make provision authorising the body to...
s.sch001 (1) The Regulations must require the body, at least once...
s.sch002 TRANSITIONAL PROVISIONS (opens in a new tab)
s.sch002 The amendments made to Articles 79 and 91 of the...
s.sch002 In paragraphs 6 to 9, “the relevant day” means the...
s.sch002 For the purposes of this paragraph and paragraphs 12 to...
s.sch002 Where, immediately before the commencement date, a person holds an...
s.sch002 During the transitional period, a person to whom paragraph 12...
s.sch002 Where, immediately before the commencement date, a person has applied...
s.sch002 Where, during the transitional period, an authorisation is (by virtue...
s.sch002 For the purposes of paragraphs 12 and 14, Articles 353...
s.sch002 The amendments made to Articles 81 and 84 of the...
s.sch002 The amendments made to the Insolvency Order by section 5...
s.sch002 The amendments made to Schedule 2 to the Insolvency Order...
s.sch002 The amendments made to Schedule 3 to the Insolvency Order...
s.sch002 The amendments made to the Insolvency Order by section 9...
s.sch002 The amendments made to the Insolvency Order by section 9...
s.sch002 The amendments made to the Insolvency Order by section 9...
s.sch002 The amendments made to the Insolvency Order by section 9...
s.sch003 In Article 13(1)(k), for the words from “has entered” to...
s.sch003 In Article 186(1)(a) after “written demand” insert “ (known as...
s.sch003 In Article 242(1)(a) for “a demand” substitute “ a written...
s.sch003 In Article 242(2)(a) for “a demand” substitute “ a written...
s.sch003 In Article 343(1), after “the interim receiver” insert “ or...
s.sch003 Omit Article 348(1A).
s.sch003 Omit Article 348A.
s.sch003 Omit Article 361A(2).
s.sch003 In Schedule A1— (a) in paragraph 38(1), omit “, or...
s.sch003 In Schedule B1, in paragraph 1A, for “outside Northern Ireland”...
s.sch003 In Schedule 1, in paragraph 3, at the beginning insert...
s.sch003 In Article 14A(2)(b), for paragraph (b) substitute—
s.sch003 In Article 105(2)(b), for “or 230A(3)” substitute “ of that...
s.sch003 Omit Article 26(3).
s.sch003 In Article 41(3)(a), for the words from “or enters” to...
s.sch003 In Article 14(2), omit “or authorised to act as nominee,”....
s.sch003 In Article 15(4), omit “, or authorised to act as...
s.sch003 In Article 17(2), omit “or authorised to act as nominee,”....
s.sch003 In Article 20(5), omit “or authorised to act as supervisor,”....
s.sch003 In Article 103(1)(a), for “a demand” substitute “ a written...
s.sch003 In Article 185, after paragraph (2) insert—
s.sch004 REPEALS (opens in a new tab)

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.