The Insolvency (Northern Ireland) Order 2005 (Consequential Amendments) Order (Northern Ireland) 2015

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 of position, or from becoming or remaining a member of a body or group.

Article 30 of the Insolvency (Northern Ireland) Order 2005 gives the Department the power to make orders making supplementary, incidental or consequential provisions for the general purposes or for any particular purpose of the Order or in consequence of any provision made by or under it or for giving full effect to it.

Such Orders may amend, repeal or modify any statutory provision, including the Order itself, and may make incidental, supplementary, consequential, transitional, transitory or saving provisions.

The Schedule to this Order, which was made under Article 30 of the Insolvency (Northern Ireland) Order 2005 amends certain disqualification provisions which did not meet the criteria for being amended under a specific power provided by Article 24 of that Order.

A regulatory impact assessment has not been prepared for this Order as it has no impact on the costs of business.