Citation, commencement and application
This section has no associated Explanatory Memorandum
1.—(1) These Regulations may be cited as the Administration (Restrictions on Disposal etc. to Connected Persons) Regulations (Northern Ireland) 2021 and come into operation on 25th June 2021.
(2) These Regulations apply only to administrations that commence on or after the day on which these Regulations come into operation.
(3) For the purposes of this regulation an administration commences on—
(a)the appointment of an administrator(1) under paragraph 15 or paragraph 23 of Schedule B1, or
(b)the making of an administration order(2).
(1)
“Administrator” is defined in paragraph 2(1) of Schedule B1.
(2)
An “administration order” is an order of the High Court under paragraph 11 of Schedule B1.