The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021
PART 1Introductory provisions
1Citation, commencement and application
2Interpretation
PART 2Restrictions on disposal of property by administrators
CHAPTER 1GENERAL
3Conditions and requirements that apply in respect of a substantial disposal by the administrator
CHAPTER 2CONDITION AS TO CREDITOR APPROVAL
4Creditor approval
CHAPTER 3CONDITION AS TO THE OBTAINING OF A QUALIFYING REPORT
5Qualifying report: meaning of qualifying report
6Qualifying report: requirements to be met in connection with obtaining and considering the report
7Qualifying report: required content
8Qualifying report: additional requirements where previous report obtained
CHAPTER 4NOTIFICATION OF QUALIFYING REPORT TO REGISTRAR OF COMPANIES AND TO CREDITORS
9Notification requirements where a qualifying report is obtained
PART 3The Evaluator
10Requirements for acting as evaluator
11The requirement as to insurance
12Requirement as to independence
13Exclusion from providing the report

2021 No. 427

Insolvency

The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021

Made

Coming into force

The Secretary of State makes these Regulations in exercise of the powers conferred by paragraph 60A(1), (2) and (7) of Schedule B1 to the Insolvency Act 19861.

In accordance with paragraph 60A(9) of that Schedule, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.