SCHEDULES

SCHEDULE 8Moratoriums in Northern Ireland: temporary provision

PART 1“Relevant period” and powers to turn off temporary provision

1“Relevant period”

In this Schedule “relevant period” means the period which—

a

begins with the day on which this Schedule comes into force, and

b

ends with 30 September 2020.

2Power to turn off particular provisions of Part 2 of this Schedule early

1

The Department for the Economy in Northern Ireland may by regulations provide for any provision made by Part 2 of this Schedule to cease to have effect before the end of the relevant period.

2

The regulations may include transitional provision or savings.

3

The power of the Department to make regulations under this paragraph is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (S.I. 1979/1573 (N.I. 12)) (and not by statutory instrument).

4

Regulations made under this paragraph are subject to negative resolution within the meaning of section 41(6) of the Interpretation Act (Northern Ireland) 1954.

Power to turn off provisions of Part 3 of this Schedule early etc

3

Rules under Article 359 of the Insolvency (Northern Ireland) Order 1989 may provide for any provision made by paragraphs 13 to 54 to cease to have effect before the end of the relevant period.

4

Rules under Article 359 of the Insolvency (Northern Ireland) Order 1989 may make transitional provision or savings in connection with any provision made by paragraphs 13 to 54 ceasing to have effect (whether by virtue of paragraph 3 or 12).