EXPLANATORY NOTE
(This note is not part of the Rules)
These Rules make consequential amendments and savings provisions in relation to the Insolvency (England and Wales) Rules 2016 (S.I. 2016/1024).
Rule 2 introduces Schedule 1 and rule 3 introduces Schedule 2. These schedules make amendments to primary and subordinate legislation respectively.
Rule 4 make savings provision for certain insolvency regimes where, if not for the saving, amendments would be required in consequence of the repeal of the Insolvency Rules 1986 (S.I. 1986/1925).
No impact assessment has been prepared for these Rules as no impact on the private or voluntary sectors is foreseen.
An Explanatory Memorandum has been prepared and is available alongside these Rules at www.legislation.gov.uk.