36U.K.Paragraph 41 of Schedule B1 to the 1986 Act (dismissal of receivers) is to have effect as if—
(a)for sub-paragraph (1) there were substituted—
“(1)Where a postal administration order takes effect in respect of a company—
(a)a person appointed to perform functions equivalent to those of an administrative receiver, and
(b)if the postal administrator so requires, a person appointed to perform functions equivalent to those of a receiver,
must refrain, during the period specified in sub-paragraph (1A), from performing those functions in the United Kingdom or in relation to any of the company's property in the United Kingdom.
(1A)That period is—
(a)in the case of a person mentioned in sub-paragraph (1)(a), the period while the company is in postal administration, and
(b)in the case of a person mentioned in sub-paragraph (1)(b), during so much of that period as is after the date on which the person is required by the postal administrator to refrain from performing functions.”, and
(b)sub-paragraphs (2) to (4) were omitted.
Commencement Information
I1Sch. 10 para. 36 in force at 1.10.2011 by S.I. 2011/2329, art. 3