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SCHEDULES

SCHEDULE 9U.K.Abolition of requirements to hold meetings; opted-out creditors

PART 1 U.K.Company insolvency

Receivers and managersU.K.

12(1)Section 48 (report by administrative receiver - England and Wales) is amended as follows.U.K.

(2)In subsection (1), after “such creditors” insert “ , other than opted-out creditors, ”.

(3)In subsection (2)—

(a)in paragraph (a), after “company” insert “ , other than opted-out creditors, ”;

(b)omit the words after paragraph (b).

(4)Omit subsection (3).

Commencement Information

I1Sch. 9 para. 12 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)

I2Sch. 9 para. 12 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)

I3Sch. 9 para. 12 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)

13U.K.In section 49(1) (committee of creditors - England and Wales), for the words from the beginning to “fit” substitute “ Where an administrative receiver has sent or published a report as mentioned in section 48(2) the company's unsecured creditors may, in accordance with the rules ”.

Commencement Information

I4Sch. 9 para. 13 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)

I5Sch. 9 para. 13 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)

I6Sch. 9 para. 13 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)

14(1)Section 67 (report by receiver - Scotland) is amended as follows.U.K.

(2)In subsection (1), after “such creditors” insert “ , other than opted-out creditors, ”.

(3)In subsection (2)—

(a)in paragraph (a), after “company” insert “ , other than opted-out creditors ”;

(b)omit the words after paragraph (b).

(4)Omit subsection (3).

Commencement Information

I7Sch. 9 para. 14 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)

I8Sch. 9 para. 14 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)

I9Sch. 9 para. 14 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)

15U.K.In section 68(1) (committee of creditors - Scotland), for the words from the beginning to “fit” substitute “ Where a receiver has sent or published a report as mentioned in section 67(2) the company's unsecured creditors may, in accordance with the rules ”.

Commencement Information

I10Sch. 9 para. 15 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)

I11Sch. 9 para. 15 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)

I12Sch. 9 para. 15 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)