Statutory Instruments
2016 No. 403
Insolvency
Insolvency Practitioners
The Insolvency Practitioners (Recognised Professional Bodies) (Revocation of Recognition) Order 2016
Made
16th March 2016
Laid before Parliament
22nd March 2016
Coming into force
15th April 2016
In accordance with section 391N(1) of the Insolvency Act 1986( 1 ) the Law Society has requested that an order be made to revoke the Insolvency Practitioners (Recognised Professional Bodies) Order 1986( 2 ) insofar as it declares that the Law Society is a recognised professional body under section 391 of the Insolvency Act 1986( 3 ). The Secretary of State is satisfied that it is appropriate in all the circumstances of the case to make that revocation.
The Secretary of State makes the following Order in exercise of the powers conferred by section 391N(1) of the Insolvency Act 1986.
In accordance with section 391N(3) of the Insolvency Act 1986 the Secretary of State published a notice specifying that the order is to take effect from 15th April 2016 and the reasons for making the Order.
Citation, commencement and effect
1. —(1) This Order may be cited as the Insolvency Practitioners (Recognised Professional Bodies) (Revocation of Recognition) Order 2016 and comes into force on 15th April 2016.
(2) This Order has effect from 15th April 2016.
Revocation of recognition
2. In the Schedule to the Insolvency Practitioners (Recognised Professional Bodies) Order 1986 omit—
“ The Law Society ” .
Anna Soubry
Minister for Small Business, Industry and Enterprise
Department for Business, Innovation and Skills
16th March 2016
1986 c.45 . Section 391N was inserted by the Small Business Enterprise and Employment Act 2015 (c.26) , section 140.
S.I. 1986/1764 ; this order is treated as being made under section 391(1) of the Insolvency Act 1986 as substituted by section 137(1) of the Small Business, Enterprise and Employment Act 2015 (c.26) ; see section 137(2) of the Small Business, Enterprise and Employment Act 2015; this order was amended by S.I. 2015/2067 .
Section 391 was replaced by the Small Business, Enterprise and Employment Act 2015, section 137(1).