The Deregulation Act 2015 (Insolvency) (Consequential Amendments and Transitional and Savings Provisions) Order 2015

Article 4

SCHEDULE 1 AMENDMENTS TO SECONDARY LEGISLATION IN CONSEQUENCE OF SECTION 17 OF, AND PART 6 OF SCHEDULE 6 TO THE ACT, SUBJECT TO SAVINGS

The Insolvency Practitioners Tribunal (Conduct of Investigations) Rules 1986

1.  The Insolvency Practitioners Tribunal (Conduct of Investigations) Rules 1986(1) are revoked.

The Solicitors Recognised Bodies Order 1991

2.—(1) The Solicitors Recognised Bodies Order 1991(2) is amended as follows.

(2) In Schedule 1, in respect of the Insolvency Act 1986 omit “and Schedule 7”.

The Limited Liability Partnership Regulations 2001

3.—(1) The Limited Liability Partnership Regulations 2001(3) are amended as follows.

(2) In Schedule 3, omit the entry in respect of section 389 A.

(3) Omit paragraph 9 of Part 2 of Schedule 6.

The Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003

4.—(1) The Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003(4) is amended as follows.

(2) Omit article 3(1), (1A), (2), (3), (4) and (5).

(3) Omit article 3(3A).

(4) Omit article 4.

The Insolvency Practitioners Regulations 2005

5.—(1) The Insolvency Practitioners Regulations 2005 are amended as follows.

(2) In regulation 2(1) for the meaning of insolvency practitioner substitute ”a person who is authorised to act as an insolvency practitioner under section 390A of the Act”.

(3) Omit regulation 4(2).

(4) Omit regulations 5, 6, 7, 8, 8A and 9.

(5) Omit regulation 11.

(6) For regulation 12(3) substitute “Where, in accordance with sections 390(2) and 390A(2)(b) of the Act a person is qualified to act as an insolvency practitioner by virtue of an authorisation granted by the Department of Enterprise, Trade and Investment for Northern Ireland under Article 352 of the Insolvency (Northern Ireland) Order 1989, this Part applies in relation to that person as if that authorisation had been granted pursuant to section 393 of the Act immediately before 1st October 2015.”.

(7) Omit regulation 14.

(8) In regulation 15(1) omit paragraph (b).

(9) Omit regulation 16.

(10) In paragraph 9(2) of Schedule 2 omit sub-paragraph (b).

(11) In paragraph 10(1) of Schedule 2 omit sub-paragraph (b).

(12) In paragraph 13(2) of Schedule 2 omit sub-paragraph (b).

The Money Laundering Regulations 2007

6.  In regulation 23(1) of the Money Laundering Regulations 2007(5) omit sub-paragraph (g).

The Legal Services Act 2007 (Designation as a Licensing Authority) (No. 2) Order 2011

7.  In Schedule 2 of the Legal Services Act 2007 (Designation as a Licensing Authority) (No. 2) Order 2011(6) in respect of the entry for the Insolvency Act 1986 (c.45) omit “and Schedule 7”.

(1)

S.I. 1986/952.

(2)

S.I. 1991/2684, amended by S.I. 2009/500; there are other amending instruments but none is relevant.

(3)

S.I. 2001/1090; relevant amending instruments are S.I. 2004/355, 2005/1989.

(4)

S.I. 2003/3363; relevant amending instruments are S.I. 2004/476, 2009/487 and 2009/3081.

(5)

S.I. 2007/2157, to which there are amendments not relevant to this Order.

(6)

S.I. 2011/2866, to which there are amendments not relevant to this Order.