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The Insolvency (Amendment) Rules 2010

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Amendments to Rule 1.48

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31.—(1) Rule 1.48 (summoning of meetings; procedure at meetings etc.) is amended as follows.

(2) For paragraph (4) substitute—

“(4) Each notice sent under this Rule must—

(a)specify—

(i)the court in which the documents relating to the obtaining of the moratorium were filed and

(ii)the court reference; and

(b)state the effect of paragraphs (2) to (4) of Rule 1.52 (requisite majorities (creditors)).

(4A) With each notice there must be sent—

(a)a copy of the directors’ proposal;

(b)a copy of the statement of affairs or, if the nominee thinks fit, a summary of it (the summary to include a list of creditors and the amount of their debts); and

(c)the nominee’s comments on the proposal.”.

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Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
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  • How and to what extent new policies may impact on them; and,
  • The estimated costs and benefits of proposed measures.
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