The Small Business, Enterprise and Employment Act 2015 (Consequential Amendments, Savings and Transitional Provisions) Regulations 2018

Interpretation of Part 4

16.  In this Part—

“the 1986 Act” means the Insolvency Act 1986;

“the 2000 Act” means the Financial Services and Markets Act 2000;

“the 2009 Act” means the Banking Act 2009; and

“relevant meeting” means a meeting of creditors which is to be held on or after the date on which Parts 2 and 3 of these Regulations come into force, and was—

(a)

called, summoned or otherwise required before 6th April 2017(1) under a provision of the 1986 Act or the Insolvency Rules 1986(2);

(b)

requisitioned by a creditor before 6th April 2017 under a provision of the 1986 Act or the Insolvency Rules 1986; or

(c)

called or summoned under section 106, 146 or 331 of the 1986 Act as a result of—

(i)

a final report to creditors sent before 6th April 2017 under rule 4.49D of the Insolvency Rules 1986(3) (final report to creditors in liquidation);

(ii)

a final report to creditors and bankrupt sent before that date under rule 6.78B of those Rules (final report to creditors and bankrupt).

(1)

The amendments made by these Regulations, for which Part 4 makes transitional provision, are made in consequence of the commencement on 6th April 2017 (by S.I. 2016/1020) for all remaining purposes in England and Wales of the following sections of the Small Business, Enterprise and Employment Act 2015: sections 122 and 123 (abolition of requirements to hold meetings: company insolvency and individual insolvency); sections 124 and 125 of that Act (ability for creditors to opt not to receive certain notices: company insolvency and individual insolvency); and section 126 of, and Schedule 9 to, that Act (sections 122 to 125: further amendments).

(2)

S.I. 1986/1925.

(3)

Rules 4.49D and 6.78B were inserted by S.I. 2010/686.