EXPLANATORY NOTE
(This note is not part of the Order)
Individuals who are bankrupt may be prevented by certain statutory provisions (“disqualification provisions”) from being elected or appointed to, or holding, an office or position, or from becoming or remaining a member of a body or group. Article 24 of the Insolvency (Northern Ireland) Order 2005 confers a power to amend such a disqualification provision so that as well as, or instead of, it applying to individuals who are bankrupt it applies to individuals who are subject to a bankruptcy restrictions regime.
The Schedule to this Order amends certain disqualification provisions.
A regulatory impact assessment has not been produced for this Order as it has no impact on the costs of business.