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SCHEDULES

SCHEDULE 5Conduct of housing administration: companies

PART 1Modifications of Schedule B1 to the Insolvency Act 1986

Specific modifications

11Paragraph 68 (management duties of an administrator) is to have effect as if—

(a)in sub-paragraph (1), for paragraphs (a) to (c) there were substituted the proposals as—

(a)set out in the statement made under paragraph 49 in relation to the company, and

(b)from time to time revised under paragraph 54,

for achieving the objectives of the housing administration., and

(b)in sub-paragraph (3), for paragraphs (a) to (d) there were substituted “the directions are consistent with the achievement of the objectives of the housing administration”.