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The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021
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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021 No. 427
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1.—(1) These Regulations may be cited as the Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021 and come into force on 30th April 2021.
(2) These Regulations apply only to administrations that commence on or after the day on which these Regulations come into force.
(3) For the purposes of this regulation an administration commences on—
(a)the appointment of an administrator(1) under paragraph 14 or paragraph 22 of Schedule B1, or
(b)the making of an administration order(2).
(1)
“Administrator” is defined in paragraph 1(1) of Schedule B1.
(2)
An “administration order” is an order of the court under paragraph 10 of Schedule B1.
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