Table of Contents
Page Overview
Document Overview
125. Rules
(1) Section 411 of the Insolvency Act 1986 (company insolvency rules) is amended as follows.
(2) After subsection (1) insert -
"(1A) Rules may also be made for the purpose of giving effect to Part 2 of the Banking Act 2009 (bank insolvency orders); and rules for that purpose shall be made -
(a) in relation to England and Wales, by the Lord Chancellor with the concurrence of -
(i) the Treasury, and
(ii) in the case of rules that affect court procedure, the Lord Chief Justice, or
(b) in relation to Scotland, by the Treasury."
(3) In subsection (2) -
(a) after "subsection (1)," insert "(1A)";
(b) in paragraph (b), after "Secretary of State" insert "or the Treasury".
(4) After subsection (2B) insert -
"(2C) For the purposes of subsection (2), a reference in Schedule 8 to this Act to doing anything under or for the purposes of a provision of this Act includes a reference to doing anything under or for the purposes of Part 2 of the Banking Act 2009."
(5) In subsection (3) -
(a) after "provisional liquidator" insert "or bank liquidator", and