Statutory Instruments
2020 No. 1033
Insolvency
The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Early Termination of Certain Temporary Provisions) Regulations 2020
Made
23rd September 2020
Laid before Parliament
25th September 2020
Coming into force
1st October 2020
The Secretary of State makes the following Regulations in exercise of the power conferred by paragraphs 2(1) and (2) of Schedule 4 to the Corporate Insolvency and Governance Act 2020( 1 ).
Citation and commencement
1. These Regulations may be cited as the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Early Termination of Certain Temporary Provisions) Regulations 2020 and come into force on 1st October 2020.
Early termination of certain temporary provisions
2. Paragraphs 5, 6(1)(b), 7(a), and 8 to 11 of Schedule 4 to the Corporate Insolvency and Governance Act 2020 cease to have effect on 1st October 2020.
Saving provision
3. Regulation 2 does not apply in relation to a moratorium if—
(a) that moratorium has come into force ( 2 ), or
(b) in the case of a moratorium for a company to which either section A4 or A5 of the Insolvency Act 1986( 3 ) 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.
Callanan
Parliamentary Under Secretary of State
Department for Business, Energy and Industrial Strategy
23rd September 2020
“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.
Sections A4 and A5 were inserted by section 1 of the Corporate Insolvency and Governance Act 1986.