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Corporate Insolvency and Governance Act 2020

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Explanatory Notes
Explanatory Notes
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Impact Assessments
Impact Assessments
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
- Why the government is proposing to intervene;
- The main options the government is considering, and which one is preferred;
- How and to what extent new policies may impact on them; and,
- The estimated costs and benefits of proposed measures.
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Changes over time for: Paragraph 47

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26/06/2020- Amendment

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There are currently no known outstanding effects for the Corporate Insolvency and Governance Act 2020, Paragraph 47.

This section has no associated Explanatory Notes

47U.K.In regulation 21 (dissolution or voluntary arrangement), in paragraph (5A)—

(a)omit “and Schedule A1”;

(b)for the first “9” substitute “ 8 ”.

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Corporate Insolvency and Governance Act 2020

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