Following a wide-ranging consultation in 2013 and 2014, secondary legislation has been laid before Parliament this week regarding the new electronic conduct reports that insolvency practitioners are required to prepare in respect of the conduct of directors (under section 7A of the Company Directors Disqualification Act 1986, inserted by section 107 of the Small Business, Enterprise and Employment Act 2015). This secondary legislation - the Insolvent Companies (Reports on Conduct of Directors) (Scotland) Rules 2016 and the Insolvent Companies (Reports on Conduct of Directors) (England and Wales) Rules 2016 - comes into force on 6 April 2016.
Wednesday, 24 February 2016
UK: insolvency - reporting director misconduct - secondary legislation laid before Parliament
Following a wide-ranging consultation in 2013 and 2014, secondary legislation has been laid before Parliament this week regarding the new electronic conduct reports that insolvency practitioners are required to prepare in respect of the conduct of directors (under section 7A of the Company Directors Disqualification Act 1986, inserted by section 107 of the Small Business, Enterprise and Employment Act 2015). This secondary legislation - the Insolvent Companies (Reports on Conduct of Directors) (Scotland) Rules 2016 and the Insolvent Companies (Reports on Conduct of Directors) (England and Wales) Rules 2016 - comes into force on 6 April 2016.
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