Small Business, Enterprise and Employment Act 2015

Receivers and managers U.K.

12 (1) Section 48 (report by administrative receiver - England and Wales) is amended as follows. U.K.

(2) In subsection (1), after “such creditors” insert “ , other than opted-out creditors, ”.

(3) In subsection (2)—

(a) in paragraph (a), after “company” insert “ , other than opted-out creditors, ”;

(b) omit the words after paragraph (b).

(4) Omit subsection (3).

Commencement Information

I1 Sch. 9 para. 12 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)

I2 Sch. 9 para. 12 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)

I3 Sch. 9 para. 12 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)

13 U.K. In section 49(1) (committee of creditors - England and Wales), for the words from the beginning to “fit” substitute “ Where an administrative receiver has sent or published a report as mentioned in section 48(2) the company's unsecured creditors may, in accordance with the rules ”.

Commencement Information

I4 Sch. 9 para. 13 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)

I5 Sch. 9 para. 13 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)

I6 Sch. 9 para. 13 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)

14 (1) Section 67 (report by receiver - Scotland) is amended as follows. U.K.

(2) In subsection (1), after “such creditors” insert “ , other than opted-out creditors, ”.

(3) In subsection (2)—

(a) in paragraph (a), after “company” insert “ , other than opted-out creditors ”;

(b) omit the words after paragraph (b).

(4) Omit subsection (3).

Commencement Information

I7 Sch. 9 para. 14 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)

I8 Sch. 9 para. 14 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)

I9 Sch. 9 para. 14 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)

15 U.K. In section 68(1) (committee of creditors - Scotland), for the words from the beginning to “fit” substitute “ Where a receiver has sent or published a report as mentioned in section 67(2) the company's unsecured creditors may, in accordance with the rules ”.

Commencement Information

I10 Sch. 9 para. 15 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)

I11 Sch. 9 para. 15 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)

I12 Sch. 9 para. 15 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)