Statutory Instruments
2020 No. 1031
Insolvency
Companies
The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2020
Approved by both Houses of Parliament
Made
23rd September 2020
Laid before Parliament
24th September 2020
Coming into force
29th September 2020
The Secretary of State makes the following Regulations in exercise of the powers conferred by section 41(1)(b) of, and paragraph 2(2)(b) of Schedule 14 to, the Corporate Insolvency and Governance Act 2020( 1 ).
The Secretary of State considers it reasonable to amend the relevant provisions specified in paragraphs (2) and (3) of regulation 2 of these Regulations so as to prolong the period for the time being specified in those provisions in order to mitigate an effect of coronavirus( 2 ).
Citation and commencement
Amendment of the Corporate Insolvency and Governance Act 2020
2. —(1)The Corporate Insolvency and Governance Act 2020 is amended as follows.
(2) In the following provisions—
(a) section 15(2)(b) (temporary exclusion for small suppliers: Great Britain), and
(b) paragraph 1(b) of Schedule 4 (moratoriums in Great Britain: temporary provision),
for “30 September 2020” substitute “30 March 2021”.
(3) In paragraphs 1(3)(b) and 21(1)(b) of Schedule 10 (winding-up petitions: Great Britain) for “30 September 2020” substitute “31 December 2020”.
(4) In paragraph 2(1)(b) of Schedule 14 (meetings of companies and other bodies) for “30 September 2020” substitute “30 December 2020”.
(5) Paragraph (4) applies only in relation to—
(a) a building society within the meaning of the Building Societies Act 1986( 3 ),
(b) a society that is registered within the meaning of the Friendly Societies Act 1974( 4 ) or incorporated under the Friendly Societies Act 1992( 5 ),
(c) a registered branch within the meaning of the Friendly Societies Act 1992,
(d) a company within the meaning of section 1(1) of the Companies Act 2006( 6 ),
(e) a charitable incorporated organisation within the meaning of Part 11 of the Charities Act 2011( 7 ), and
(f) a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014( 8 ).
Callanan
Parliamentary Under Secretary of State
Department for Business, Energy and Industrial Strategy
23rd September 2020