SCHEDULES

SCHEDULE 8Moratoriums in Northern Ireland: temporary provision

PART 3Temporary rules

40Replacement of monitor or additional monitor: statement and consent to act

1

A statement under Article 13EE(4) of the Insolvency (Northern Ireland) Order 1989 must be headed “Proposed monitor’s statement and consent to act” and must contain the following—

a

a certificate that the proposed monitor is qualified to act as an insolvency practitioner in relation to the company,

b

the proposed monitor’s IP number,

c

the name of the relevant recognised professional body which is the source of the proposed monitor’s authorisation to act in relation to the company, and

d

a statement that the proposed monitor consents to act as monitor in relation to the company.

2

The statement must be made within the period of 5 days ending with the day on which it is filed with the High Court.

3

In this paragraph “IP number” means the identifying number or reference issued to the insolvency practitioner by a professional body recognised under Article 350 of the Insolvency (Northern Ireland) Order 1989.