Draft Regulations laid before the Assembly under section 34(7) of the Corporate Insolvency and Governance Act 2020 for approval
Draft Statutory Rules of Northern Ireland
Insolvency
Made
00th April 2021
Coming into operation
29th April 2021
The Department for the Economy, being a relevant authority for the purposes of sections 29 to 35 of the Corporate Insolvency and Governance Act 2020(1), makes the following Regulations in exercise of the powers conferred on it by section 32(3) of the Corporate Insolvency and Governance Act 2020(2).
In accordance with section 34(7) of the Corporate Insolvency and Governance Act 2020, a draft of these Regulations has been laid before, and approved by a resolution of, the Assembly.
1. These Regulations may be cited as the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Change of Expiry Date in section32(1)) Regulations (Northern Ireland) 2021 and come into operation on 29th April 2021.
2. In section 32(1) of the Corporate Insolvency and Governance Act 2020 (date after which regulations under section 28 may not be made), for “30 April 2021” substitute “29 April 2022”.
Sealed with the Official Seal of the Department for the Economy on 00 xx 2021
(L.S.)
xxxx xxxx
A senior officer of the Department for the Economy
(This note is not part of the Regulations)
These Regulations amend the date on which the power in section 28 of the Corporate Insolvencyand Governance Act 2020 (c. 12), to amend or modify the effect of corporate insolvency or governance legislation in Northern Ireland by regulations, will expire so that regulations made using that power may not be made after 29th April 2022.
A Regulatory Impact Assessment has not been produced for these Regulations as they will have no effect on the costs of business or the voluntary sector.
The Department for the Economy is a relevant authority by virtue of section 28(4) of the Corporate Insolvency and Governance Act 2020 (c. 12).