The Railway (Licensing of Railway Undertakings) (Amendment) Regulations 2021

The Insolvency Act 1986

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9.  In paragraph 10 of Schedule 2A to the Insolvency Act 1986(1) (exceptions to the prohibition on the appointment of administrative receiver: supplementary provision)—

(a)at the end of sub-paragraph (1)(n) insert “or a relevant European licence.”;

(b)after sub-paragraph (2A) insert—

(3) In sub-paragraph (1)(n) “relevant European licence” has the meaning given by section 6(2) of the Railways Act 1993..

(1)

1986 c. 45; Schedule 2A was inserted by the Enterprise Act 2002 (c.40) section 250(2), Schedule 18 to which relevant amendments have been made by S.I. 2005/3050, 2016/645 and 2019/700.