3. These Regulations have effect as follows—
(a)the relevant insolvency legislation(1) which is applied to statutory corporations by section 6(2) of the Technical and Further Education Act 2017 is modified—
(i)generally in Part 2, and
(ii)specifically in Part 3;
(b)the provisions set out in Part 4 apply to statutory corporations and (except for the provision referred to in regulation 34) to companies conducting designated further education institutions in England and Wales with the modifications set out in that Part;
(c)the provisions of the 2006 Act set out in regulation 39, and section 1117 of the 2006 Act, apply to statutory corporations, with the modifications set out in regulations 39 to 42.
“Relevant insolvency legislation” is defined in section 6(3) of the Technical and Further Education Act 2017.