UK: The Charitable Incorporated Organisations (Insolvency and Dissolution) (Amendment) (No. 2) Regulations 2020

The Charitable Incorporated Organisations (Insolvency and Dissolution) (Amendment) (No. 2) Regulations 2020 were laid before Parliament yesterday and came into force today: see here or here (pdf). As the accompanying explanatory memorandum explains (here, pdf), these Regulations have been made for somewhat embarrassing reasons: to revoke and supersede a first set of Regulations - the Charitable Incorporated Organisations (Insolvency and Dissolution) (Amendment) Regulations (S.I. 2020/710) - which, due to an "administrative error", were made in a form containing drafting errors and omissions. The purpose of the new Regulations remains, nevertheless, the same: to ensure the effective application to CIOs of the new moratorium provisions within Part A1 of the Insolvency Act 1986 (as inserted by the Corporate Insolvency and Governance Act 2020).