The Further Education Bodies (Insolvency) Regulations 2019 - Jan 31

EXPLANATORY NOTE

(This note is not part of the Regulations)

The Technical and Further Education Act 2017 applies insolvency proceedings to statutory corporations (further education corporations in England and Wales, and sixth form college corporations in England). These Regulations make necessary modifications to a range of insolvency legislation, and apply and modify provisions relating to insolvency in other legislation, to allow those provisions to properly apply to statutory corporations.

Part 2 makes general modifications of relevant insolvency legislation (defined by the Technical and Further Education Act as certain provisions of the Insolvency Act 1986 and legislation made under those provisions).

Part 3 makes specific modifications of certain provisions of the Insolvency Act 1986, including Schedules A1 and B1 to that Act, and the Insolvency (England and Wales) Rules 2016.

Part 4 makes specific modifications of other legislation, applied to statutory corporations by regulation 3, which contains provisions in relation to insolvency.

Part 5 makes general and specific modifications of provisions of the Companies Act 2006, applied to statutory corporations by regulation 3.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.

To view the complete SI )as signed into Law) CLICK HERE