2021 No. 104
Insolvency

The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Change of Expiry Date in section 32(1)) Regulations (Northern Ireland) 2021

Laid before Parliament in draft
Made
Coming into operation
The Department for the Economy, being a relevant authority for the purposes of sections 29 to 35 of the Corporate Insolvency and Governance Act 20201, makes the following Regulations in exercise of the powers conferred on it by section 32(3) of the Corporate Insolvency and Governance Act 20202.

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.

Citation and commencement1.

These Regulations may be cited as the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Change of Expiry Date in section 32(1)) Regulations (Northern Ireland) 2021 and come into operation on 29th April 2021.

Amendment of the Corporate Insolvency and Governance Act 20202.

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 14 April 2021

(L.S.)
Colin Jack
A senior officer of the Department for the Economy
EXPLANATORY NOTE
(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.