Role of official receiverE+W
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3The following shall be inserted after section 389A of that Act (authorisation of nominees and supervisors)—
“389B Official receiver as nominee or supervisor
(1)The official receiver is authorised to act as nominee or supervisor in relation to a voluntary arrangement approved under Part VIII provided that the debtor is an undischarged bankrupt when the arrangement is proposed.
(2)The Secretary of State may by order repeal the proviso in subsection (1).
(3)An order under subsection (2)—
(a)must be made by statutory instrument, and
(b)shall be subject to annulment in pursuance of a resolution of either House of Parliament.”