The Insolvency (Northern Ireland) Order 2005 (Minor and Consequential Amendments) Order (Northern Ireland) 2006

The Financial Markets and Insolvency Regulations (Northern Ireland) 1996

14.  In regulation 6 (limitation on disapplication of Articles 23(1)(b) and 24(3)(c) of the Insolvency (Northern Ireland) Order 1989 in relation to system-charges)—

(a) for the sub-heading to that regulation there shall be substituted—

• “Limitation on disapplication of moratorium on certain legal processes under Schedule B1 to the Insolvency Order (administration) in relation to system- charges”,

(b) after paragraph (1) there shall be inserted—

“(1A) A reference in paragraph (1) to “an administration order” shall include the appointment of an administrator under paragraph 15 or 23 of Schedule B1 to the Insolvency Order.”,

(c) in paragraph (2) for “The disapplication of Articles 23(1)(b) and 24(3)(c) of the Insolvency (Northern Ireland) Order 1989 ” there shall be substituted “The disapplication of paragraph 44(2) of Schedule B1 to the Insolvency Order (including that provision as applied by paragraph 45 of that Schedule)”,

(d) in paragraph (5) for “the petition” there shall be substituted “the application”, and

(e) after paragraph (5) there shall be inserted—

“(5A) A reference in paragraph (5) to an application for an administration order shall be treated as including a reference to—

(a) appointing an administrator under paragraph 15 or 23 of Schedule B1 to the Insolvency Order, or

(b) filing with the High Court a notice of intention to appoint an administrator under either of those paragraphs,

and a reference to “an administration order” shall include the appointment of an administrator under paragraph 15 or 23 of Schedule B1 to the Insolvency Order .”.