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86.—(1) Section 871 of the Companies Act 2006 (notice to registrar of appointment of receiver or manager etc) applies where the order or appointment is made, or the receiver or manager ceases to act, on or after 1st October 2009.
(2) Section 405 of the 1985 Act or Article 413 of the 1986 Order continues to apply where the order or appointment is made, or the receiver or manager ceases to act, before that date.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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