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UK Act of Parliament
2020
United Kingdom
Corporate Insolvency and Governance Act 2020
At a glance
Enforced by
What's here
5 compliance obligations, 1 practical guide · 2 journeys
Penalty landscape
2 of 5 obligations carry a criminal penalty. 1 carries different penalties and 2 have no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Director or Officer 3
Plus 2 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
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Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Supporting — topic alignment
1 guidesOther Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Directors and Officers also bound by 224 other Acts (top 5 shown)
- Insolvency (England and Wales) Rules 2016 2016 75 duties
- Companies Act 2006 2006 63 duties
- Insolvency Act 1986 1986 46 duties
- CCBSA 2014 2014 22 duties
- CAICEA 2004 2004 18 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Arrangements and reconstructions for companies in financial difficulty
Unlimited fine- Fail to provide required explanatory statement for compromise meeting Director or Officer
Browse 13 other Schedules — structural / supplementary
Moratoriums in Great Britain: eligible companies
Moratoriums in Great Britain: further amendments
Moratoriums in Northern Ireland: eligible companies
Moratoriums in Northern Ireland: contracts involving financial services
Moratoriums in Northern Ireland: temporary provision
Restriction on Winding-Up Petitions: Great Britain
Protection of supplies of goods and services: Great Britain
Moratoriums in Great Britain: contracts involving financial services
Moratoriums in Great Britain: temporary provision
Moratoriums in Northern Ireland: further amendments
RESTRICTION ON WINDING-UP PETITIONS: NORTHERN IRELAND
Protection of supplies of goods and services: Northern Ireland
Meetings of companies and other bodies
Moratoriums in Great Britain
- Fail to notify monitor when moratorium starts Director or Officer
Moratoriums in Northern Ireland
- Fail to notify monitor of moratorium start Director or Officer
Time-limited effect
Other duties (1) — Crown / regulator
- Secretary of State must limit and review emergency insolvency regulations Crown / Minister / Government department
Time-limited effect
Other duties (1) — Crown / regulator
- Relevant authorities must review and time-limit emergency regulations Crown / Minister / Government department
Browse 46 other sections — procedural / definitional / commencement
Moratoriums in Great Britain: further amendments and transition
Moratoriums in Great Britain: temporary modifications
Moratoriums in Northern Ireland: further amendments and transition
Moratoriums in Northern Ireland: temporary modifications
Arrangements and reconstructions for companies in financial difficulty
Administration in Great Britain: sales to connected persons
Administration in Northern Ireland: sales to connected persons
Winding-up petitions: Great Britain
Winding-up petitions: Northern Ireland
Suspension of liability for wrongful trading: Great Britain
Suspension of liability for wrongful trading: Northern Ireland
Protection of supplies of goods and services: Great Britain
Temporary exclusion for small suppliers: Great Britain
Protection of supplies of electricity, gas, water, etc: Northern Ireland
Further protection of essential supplies: Northern Ireland
Protection of supplies of goods and services: Northern Ireland
Temporary exclusion for small suppliers: Northern Ireland
Regulations to amend legislation: Great Britain
Purposes
Restrictions
Expiry
Consequential provision etc
Procedure for regulations
Interpretation
Regulations to amend legislation: Northern Ireland
Purposes
Restrictions
Expiry
Consequential provision etc
Procedure for regulations made by the Department
Procedure for regulations made by the Secretary of State
Interpretation
Meetings of companies and other bodies
Temporary extension of period for public company to file accounts
Temporary power to extend periods for providing information to registrar
Section 39: the listed provisions
Power to change duration of temporary provisions: Great Britain
Power to change duration of temporary provisions: Northern Ireland
Modified procedure for regulations of the Secretary of State
Modified procedure for regulations of the Welsh Ministers
Modified procedure for regulations of the Scottish Ministers
Modified procedure for regulations of Northern Ireland departments
Power to make consequential provision
Extent
Commencement
Short title
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Companies House
PrimaryRegistration and regulation of UK companies. Maintains the public register of companies, enforces filing requirements for annual accounts and confirmation statements. Gateway …
The Insolvency Service
Administers compulsory company liquidations and personal bankruptcies. Investigates director misconduct and can seek disqualification orders. Manages redundancy payments from the National Insurance …
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Browse legislation
Find other UK business legislation with related guidance.
Regulators
Learn more about the bodies that enforce this legislation.