Deregulation Act 2015

Appointment of insolvency practitioner as interim receiver E+W+S

13 (1) In section 286(1) (power of court to appoint interim receiver if necessary for protection of debtor's property), after “official receiver” insert “ or an insolvency practitioner ”. E+W+S

(2) If sub-paragraph (1) comes into force before the coming into force of the repeal of subsection (2) of section 286 by paragraph 17(2) of Schedule 19 to the Enterprise and Regulatory Reform Act 2013, that subsection is to have effect (until the repeal comes into force) as if for “, instead of the official receiver,” there were substituted “ , another insolvency practitioner or the official receiver ”.

Commencement Information

I1 Sch. 6 para. 13(1) in force at 6.4.2017 by S.I. 2016/1016, art. 2(b)

14 (1) Section 370 (power to appoint special manager) is amended as follows. E+W+S

(2) In subsection (1)(c) (power of court to appoint person to be special manager of property or business of debtor in whose case an interim receiver has been appointed under section 286), for “the official receiver has been appointed interim receiver” substitute “ an interim receiver has been appointed ”.

(3) In subsection (2) (who may apply for the appointment of a special manager), for “official receiver” (in both places where it occurs) substitute “ interim receiver ”.

Commencement Information

I2 Sch. 6 para. 14 in force at 6.4.2017 by S.I. 2016/1016, art. 2(b)