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10. Articles 4 and 7 of the Insolvency (Northern Ireland) Order 1989(1) (associated and connected persons) shall be modified in their application for the purposes of Article 40 (restriction on employer-related investments) and these Regulations so that a company shall not be connected with another company solely by reason of one or more of its directors being a director of that other company.
S.I. 1989/2405 (N.I. 19); Article 4 was modified by Schedule 3 to S.R. 2004 No. 307 and amended by paragraph 80 of Schedule 29 to the Civil Partnership Act 2004 (c. 33) and Article 7 was modified by Schedule 3 to S.R. 2004 No. 307
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