PART 1Introductory provisions

Interpretation2.

In these Regulations—

“the Act” means the Insolvency Act 1986;

“the company” means the company whose business or assets are the subject of the substantial disposal;

“qualifying report” has the meaning given to it in regulation 5;

“previous report” has the meaning given to it in regulation 8;

“relevant property” means the property being disposed of, hired out or sold by the substantial disposal;

“Schedule B1” means Schedule B1 to the Act; and

“substantial disposal” has the meaning given to it in regulation 3.