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The Insolvency Act 1986, Section 72A (Appointed Date) Order 2003
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Statutory Instruments
2003 No. 2095
INSOLVENCY
COMPANIES
The Insolvency Act 1986, Section 72A (Appointed Date) Order 2003
Made
8th August 2003
The Secretary of State, in the exercise of the powers conferred on her by section 72A of the Insolvency Act 1986(1) hereby makes the following Order:
Citation and commencement
1. This Order may be cited as the Insolvency Act 1986, Section 72A (Appointed Date) Order 2003.
Appointed date
2. The date appointed under section 72A(4)(a) of the Insolvency Act 1986 is 15th September 2003.
Nigel Griffiths,
Parliamentary Under-Secretary of State for Small Business and Enterprise,
Department of Trade and Industry
8th August 2003
Explanatory Note
(This note is not part of the Order)
This Order provides the date required by section 72A(4)(a) of the Insolvency Act 1986 which is prospectively inserted by section 250 of the Enterprise Act 2002. Floating charges created on or after this date will be subject to the provisions of section 72A of the Insolvency Act 1986 prohibiting the appointment of administrative receivers unless it falls within one of the exceptions specified.
(1)
1986 c. 45. Section 72A is inserted into the Insolvency Act 1986 by section 250 of the Enterprise Act 2002 (c. 40).
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