(1)The Welsh Ministers may by regulations made by statutory instrument provide for Part A1 of the Insolvency Act 1986 to apply (with such modifications as may be specified in the regulations) in relation to a CIO that is a registered social landlord.
(2)The regulations may make provision in connection with the interaction between Part A1 of the Insolvency Act 1986 as applied by the regulations and any other insolvency procedure in relation to a CIO that is a registered social landlord.
(3)The regulations may make—
(a)different provision for different purposes, and
(b)such supplemental, incidental, consequential, transitory or transitional provision or savings as the Welsh Ministers consider appropriate.
(4)The power to make regulations under this section includes power to amend, disapply, or modify (in ways specified in the regulations) any provision made by legislation.
(5)A statutory instrument containing the regulations may not be made unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of Senedd Cymru.
(6)Before making any regulations under this section the Welsh Ministers must consult such persons or bodies of persons as the Welsh Ministers consider appropriate.
(7)In this section—
“insolvency procedure” includes the provision made by sections 39 to 50 of the Housing Act 1996;
“legislation” means—
an Act of Parliament or an Act or Measure of Senedd Cymru; or
subordinate legislation (within the meaning of the Interpretation Act 1978) made under such an Act or Measure;
“registered social landlord” means registered as a social landlord under Part 1 of the Housing Act 1996.]
Textual Amendments
F1S. 247A inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 3 para. 45 (with ss. 2(2), 5(2))
Modifications etc. (not altering text)
C1S. 247A(6) restricted (temp.) (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), ss. 44(3), 49(1) (with ss. 2(2), 5(2))