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UK Statutory Instrument
2021
United Kingdom
Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021
At a glance
Enforced by
What's here
5 compliance obligations, 1 practical guide · 2 journeys
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Director or Officer 3
- Trader 1
- Any Person 1
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
Traders also bound by 219 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 952 duties
- TULRCA 1992 1992 39 duties
- Companies Act 2006 2006 39 duties
- Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 2013 39 duties
- The Customs (Import Duty) (EU Exit) Regulations 2018 2018 33 duties
Any Person also bound by 749 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 110 duties
- Licensing Act 2003 2003 105 duties
- Merchant Shipping Act 1995 1995 97 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 86 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.
Part 1 — Introductory provisions
Browse 2 other sections in this Part — procedural / definitional / commencement
Citation, commencement and application
Interpretation
Part 2 — Restrictions on disposal of property by administrators
Conditions and requirements that apply in respect of a substantial disposal by the administrator
- Obtain creditor approval or an independent report before buying assets Director or Officer
Qualifying report: requirements to be met in connection with obtaining and considering the report
- Ensure the qualifying report on a connected person sale meets legal standards Director or Officer
Qualifying report: additional requirements where previous report obtained
- Include details of previous reports when obtaining an administration opinion Any Person
Notification requirements where a qualifying report is obtained
- Share the evaluator's report with Companies House and creditors Director or Officer
Browse 3 other sections in this Part — procedural / definitional / commencement
Part 3 — The Evaluator
The requirement as to insurance
- Maintain professional indemnity insurance for evaluator reports Trader
Browse 3 other sections in this Part — procedural / definitional / commencement
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
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
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Regulators
Learn more about the bodies that enforce this legislation.