UK Statutory Instrument SI 2021 England and Wales

Insolvency (England and Wales) (No. 2) (Amendment) Rules 2021

Read it on legislation.gov.uk (opens in a new tab)
Enforced by
Insolvency Service
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Director or Officer3 Any Person1 Applicant1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties
Any Person — also bound by 2340 other Acts
Applicant — also bound by 307 other Acts

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.

Part 1

Introductory provision

0 of 5 sections shown
5 other sections in this Part — procedural and definitional
s.001 Citation commencement and interpretation (opens in a new tab)
s.002 In these rules the “Insolvency Rules” means the Insolvency (England... (opens in a new tab)
s.003 Extent (opens in a new tab)
s.004 Saving provisions (opens in a new tab)
s.005 Nothing in Parts 2 to 4 of these Rules affects... (opens in a new tab)
Part 2

Insertion of Part 1A into the Insolvency Rules

0 of 1 section shown
1 other section in this Part — procedural and definitional
s.006 New Part 1A of the Insolvency Rules (opens in a new tab)
Part 3

Miscellaneous amendments of the Insolvency Rules

5 of 73 sections shown
s.016 In rule 2.26 (members’ consideration at a meeting), for paragraph... (opens in a new tab) Regulated
  • Hold members' meeting within 28 days of nominee's report filingDirector or Officer
s.029 After rule 6.23 (advertisement of appointment) insert— Additional requirements as... (opens in a new tab) Regulated
  • Notify the monitor of your appointment as liquidatorDirector or Officer
s.038 In rule 7.35 (order of appointment of provisional liquidator), after... (opens in a new tab) Regulated
  • Deliver sealed copy of provisional liquidation order to monitorDirector or Officer
s.046 Amendment of Part 12 of the Insolvency Rules (opens in a new tab) Regulated
  • Serve application on respondent and regulator (if applicable)Applicant
s.071 After rule 15.23 insert— Adjournment of meeting in, or for... (opens in a new tab) Regulated
  • Chair must adjourn meeting if resolved and comply with time limitsAny Person
68 other sections in this Part — procedural and definitional
s.007 Amendment of Part 1 of the Insolvency Rules (opens in a new tab)
s.008 In rule 1.22 (standard contents of documents relating to the... (opens in a new tab)
s.009 In rule 1.30 (standard contents of notices relating to the... (opens in a new tab)
s.010 In rule 1.38 (creditor’s election to opt-out), before paragraph (1)... (opens in a new tab)
s.011 In rule 1.39 (office-holder to provide information to creditors on... (opens in a new tab)
s.012 In rule 1.57 (right to list of creditors), before paragraph... (opens in a new tab)
s.013 Amendment of Part 2 of the Insolvency Rules (opens in a new tab)
s.014 In rule 2.3 (proposal: contents), in the Table in paragraph... (opens in a new tab)
s.015 (1) Rule 2.6 (statement of affairs (section 2(3)) is amended... (opens in a new tab)
s.017 For rule 2.27 (creditors’ consideration by a decision procedure) substitute—... (opens in a new tab)
s.018 Amendment of Part 3 of the Insolvency Rules (opens in a new tab)
s.019 In rule 3.12 (the hearing), after sub-paragraph (1)(c) insert— (opens in a new tab)
s.020 In rule 3.23 (notice of intention to appoint), in paragraph... (opens in a new tab)
s.021 In rule 3.25 (notice of appointment without prior notice of... (opens in a new tab)
s.022 In rule 3.27 (publication of administrator’s appointment), before sub-paragraph (3)(a)... (opens in a new tab)
s.023 (1) Rule 3.30 (statement of affairs: content (paragraph 47 of... (opens in a new tab)
s.024 (1) Rule 3.35 (administrator’s proposals: additional content) is amended as... (opens in a new tab)
s.025 In rule 3.50 (expenses), after paragraph (4) insert— (opens in a new tab)
s.026 In rule 3.51 (order of priority), for paragraph (1) substitute—... (opens in a new tab)
s.027 After rule 3.51 insert— Priority of moratorium debts in subsequent... (opens in a new tab)
s.028 Amendment of Part 6 of the Insolvency Rules (opens in a new tab)
s.030 After rule 6.42 (general rule as to priority) insert— Priority... (opens in a new tab)
s.031 In rule 6.44 (interpretation), in paragraph (1), in the definition... (opens in a new tab)
s.032 In rule 6.46 (request for approval or authorisation), for paragraph... (opens in a new tab)
s.033 (1) Rule 6.47 (grant of approval or authorisation) is amended... (opens in a new tab)
s.034 Amendment of Part 7 of the Insolvency Rules (opens in a new tab)
s.035 In rule 7.11 (persons entitled to request a copy of... (opens in a new tab)
s.036 In rule 7.22 (delivery and notice of the order), for... (opens in a new tab)
s.037 In rule 7.33 (application for appointment of provisional liquidator (section... (opens in a new tab)
s.039 In rule 7.39 (termination of appointment), for paragraph (4)(a) substitute—... (opens in a new tab)
s.040 (1) Rule 7.41 (statement of affairs) is amended as follows.... (opens in a new tab)
s.041 (1) Rule 7.108 (general rule as to priority) is amended... (opens in a new tab)
s.042 After rule 7.108 insert— Priority of moratorium debts in subsequent... (opens in a new tab)
s.043 In rule 7.111 (interpretation), in the definition of “the creditor”... (opens in a new tab)
s.044 In rule 7.114 (request for approval or authorisation), for paragraph... (opens in a new tab)
s.045 (1) Rule 7.115 (grant of approval or authorisation) is amended... (opens in a new tab)
s.047 In rule 12.29 (evidence provided by the official receiver, an... (opens in a new tab)
s.048 In rule 12.36 (power to make a block transfer order),... (opens in a new tab)
s.049 (1) Rule 12.37 (application for a block transfer order) is... (opens in a new tab)
s.050 (1) Rule 12.48 (application for costs) is amended as follows.... (opens in a new tab)
s.051 (1) Rule 12.52 (orders enforcing compliance) is amended as follows.... (opens in a new tab)
s.052 Amendment of Part 14 of the Insolvency Rules (opens in a new tab)
s.053 (1) Rule 14.1 (interpretation) is amended as follows. (opens in a new tab)
s.054 In the heading of Chapter 2 of Part 14, after... (opens in a new tab)
s.055 (1) Rule 14.14 (administration and winding up: estimate of value... (opens in a new tab)
s.056 In rule 14.16 (secured creditor: surrender for non-disclosure), before paragraph... (opens in a new tab)
s.057 In rule 14.17 (secured creditor: redemption by office-holder), before paragraph... (opens in a new tab)
s.058 In rule 14.18 (secured creditor: test of security’s value), before... (opens in a new tab)
s.059 In rule 14.23 (interest), in paragraph (4)(a), after “in respect... (opens in a new tab)
s.060 After rule 14.23 insert— Moratoriums under Part A1 of the... (opens in a new tab)
s.061 In rule 14.28 (Gazette notice of intended first dividend or... (opens in a new tab)
s.062 (1) Rule 14.29 (individual notices to creditors etc. of intended... (opens in a new tab)
s.063 (1) Rule 14.35 (Notice of declaration of a dividend) is... (opens in a new tab)
s.064 Amendment of Part 15 of the Insolvency Rules (opens in a new tab)
s.065 In rule 15.6 (physical meetings), in paragraph (1), after “business... (opens in a new tab)
s.066 In rule 15.8 (notices to creditors of decision procedure), at... (opens in a new tab)
s.067 In rule 15.9 (voting in a decision procedure), in paragraph... (opens in a new tab)
s.068 In rule 15.11 (notice of decision procedures or of seeking... (opens in a new tab)
s.069 In rule 15.14 (notice to company officers, bankrupts etc. in... (opens in a new tab)
s.070 In rule 15.23 (adjournment by chair), in paragraph (1), after... (opens in a new tab)
s.072 In rule 15.25 (adjournment in absence of chair), in paragraph... (opens in a new tab)
s.073 In rule 15.26 (proofs in adjournment), before “in an administration”,... (opens in a new tab)
s.074 In rule 15.28 (creditors’ voting rights), before paragraph (1) insert—... (opens in a new tab)
s.075 (1) Rule 15.31 (calculation of voting rights) is amended as... (opens in a new tab)
s.076 In rule 15.32 (calculation of voting rights: special cases), before... (opens in a new tab)
s.077 (1) Rule 15.34 (requisite majorities) is amended as follows. (opens in a new tab)
s.078 (1) Rule 15.35 (appeals against decisions under this Chapter) is... (opens in a new tab)
s.079 Amendment of Schedule 4 to the Insolvency Rules (opens in a new tab)
Part 4

Minor amendments of the Insolvency Rules

0 of 2 sections shown
2 other sections in this Part — procedural and definitional
s.080 Schedule 1 makes minor amendments of the Insolvency Rules to... (opens in a new tab)
s.081 Schedule 2 makes amendments of the Insolvency Rules in consequence... (opens in a new tab)
Schedules

Schedules

0 of 3 shown
3 other schedules
s.sch002 The Insolvency Rules are amended as follows.
s.sch002 In the provisions in the Insolvency Rules specified in the...
s.sch002 This is the Table referred to in paragraph (2)— Insolvency...

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