xmlns:atom="http://www.w3.org/2005/Atom"

Saving provision

3.  Regulation 2 does not apply in relation to a moratorium if—

(a)that moratorium has come into force (1), or

(b)in the case of a moratorium for a company to which either section A4 or A5 of the Insolvency Act 1986(2) applies, the application for a moratorium under section A4, or, as the case may be, section A5, has been made to the court,

before 1st October 2020.

(1)

“Moratorium” has the meaning given by Part A1 of the Insolvency Act 1986 (c. 45), and the expression “come into force” has the meaning given by section A7 of that Act. Part A1 and section A7 of the Insolvency Act 1986 were inserted by section 1 of the Corporate Insolvency and Governance Act 2020.

(2)

Sections A4 and A5 were inserted by section 1 of the Corporate Insolvency and Governance Act 1986.