(This note is not part of the Regulations)
These Regulations prolong the period within which the temporary provisions, which restrict the issuing of winding up petitions, in the Corporate Insolvency and Governance Act 2020 (c.12), (and referred to for the purposes of CIGA as the “relevant period”), are to have effect.
The relevant period for these temporary provisions was first prolonged by the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations (S.I. 2020/1031). These Regulations now prolong the expiry of the relevant period for the temporary restrictions on winding up petitions so that it ends on 31st March 2021.
An impact assessment has not been prepared for this instrument. An Explanatory Memorandum has been published alongside this instrument at www.legislation.gov.uk.