EXPLANATORY NOTE
(This note is not part of the Rules)

These Rules amend the following instruments in consequence of the enactment of the Insolvency (England and Wales) Rules 2016 (S.I. 2016/1024), which came into force on 6th April 2017—

  • the Bankruptcy (Financial Services and Markets Act 2000) Rules 2001 (S.I. 2001/3634); and

  • the Insurers (Winding Up) Rules 2001 (S.I. 2001/3635).

In the case of the Insurers (Winding Up) Rules 2001, these amendments are further to earlier amendments made to these Rules by SI 2017/369 and SI 2018/208.

The Insolvency (England and Wales) Rules 2016 revoked the Insolvency Rules 1986 (S.I. 1986/1925) and re-enacted provision made in those Rules to which reference is made in the instruments amended by these Rules.

An impact assessment has not been produced for this instrument as no significant impact on the costs of business or the voluntary sector is foreseen.