The Insolvency (Amendment) Rules 1999

Amendment of Rule 5.23

1.—(1) In paragraph (1) of Rule 5.23 “, 5.25” shall be deleted and at the end of paragraph (1) there shall be added the words “and orders of suspension made under section 262 reported to him in pursuance of Rule 5.25”.

(2) After paragraph (1) in Rule 5.23 there shall be inserted the following paragraphs:–

“(1A) Where the Secretary of State has received notice of the making of a revocation order or that an arrangement has been fully implemented in pursuance of Rules 5.25 or 5.29 or has otherwise received written notice of the termination of an arrangement from the supervisor and–

(a) the revocation order under section 262 was made prior to 22nd March 1999, or

(b) the final completion or termination of the arrangement occurred more than two years prior to 22nd March 1999,

the Secretary of State shall delete from the register all matters entered in it relating to such arrangement.

(1B) Where the Secretary of State receives notice under Rule 5.25(5) of the making of a revocation order in respect of an individual voluntary arrangement of which entry is made in the register the Secretary of State shall delete from the register all matters entered in it relating to that arrangement.

(1C) Where the Secretary of State receives notice under Rule 5.29(3) of the full implementation or termination of an individual voluntary arrangement of which entry is made in the register the Secretary of State shall, on the expiry of two years after the final completion or termination of such individual voluntary arrangement, delete from the register all matters entered in it relating to that arrangement.”.