Explanatory Memorandum

Insolvency (Amendment) Act (Northern Ireland) 2016

2016 CHAPTER 2

29 January 2016

Commentary on Sections

Section 20: Compliance orders

This section inserts new Article 350T into the Insolvency Order. It will allow the Department to make an application to the Court if it appears that a recognised professional body has failed to comply with a requirement imposed under Part 12 of the Insolvency Order or that any person has failed to comply with a requirement under Article 350S.

This section will apply to a recognised professional body which has failed to comply with, for example, a direction imposed under new Article 350D or to a person who has failed to provide the Department with the information required under new Article 350S.