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The Railway (Licensing of Railway Undertakings) Regulations 2005

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The Insolvency Act 1986

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2.  In Schedule 2A to the Insolvency Act 1986(1) (exceptions to prohibition on appointment of administrative receiver: supplementary provisions)—

(a)at the end of paragraph 10(1)(l), omit “or”;

(b)at the end of paragraph 10(1)(m), add—

or

(n)in reliance on a European licence granted pursuant to a provision contained in any instrument made for the purpose of implementing Council Directive 1995/18/EC dated 19th June 1995 on the licensing of railway undertakings, as amended by Directive 2001/13/EC dated 26th February 2001 and Directive 2004/49/EC dated 29th April 2004, both of the European Parliament and of the Council, or pursuant to any action taken by an EEA State for that purpose.; and

(c)after paragraph 10(2A), add—

(2B) In sub-paragraph (1)(n), an “EEA State” means a member State, Norway, Iceland or Liechtenstein..

(1)

1986 c. 45; Schedule 2A was inserted by the Enterprise Act 2002 (c. 40) section 250(2), Schedule 18; and paragraph 10(2A) of Schedule 2A was inserted by the Communications Act 2003 (c. 21), Schedule 17, paragraph 82.

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