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

The Financial Markets and Insolvency Regulations (Northern Ireland) 1996

16.  In regulation 8 (ability of administrator or receiver to recover assets in case of property subject to system-charge)—

(a) 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 .”,

(b) in paragraph (2) for “The disapplication, by Article 97(1)(b) and (3) of the Order, of Articles 28(1) and (2) and 53 of the Insolvency (Northern Ireland) Order 1989 shall cease to have effect” there shall be substituted—

• “The disapplication—

  (a)

  by Article 97(1)(b) of the Order, of paragraphs 71,72 and 73 of Schedule B1 to the Insolvency Order , and

  (b)

  by Article 97(3) of the Order, of Article 53 of the Insolvency Order,

  shall cease to have effect”, and

(c) in paragraph (7) for “administration order is made” there shall be substituted “company enters administration”.