SCHEDULES

SCHEDULE 2N.I.TRANSITIONAL PROVISIONS

Authorisation of insolvency practitionersN.I.

11  For the purposes of this paragraph and paragraphs 12 to 16—N.I.

• “the commencement date” is the date on which section 14(5) comes into operation;

• “the transitional period” is the period of 1 year beginning with the commencement date.

12  Where, immediately before the commencement date, a person holds an authorisation granted under Article 352 of the Insolvency Order, Article 352(3A) to (6) of that Order together with, for the purposes of this paragraph, sub-paragraphs (a) and (b) of Article 352(2) of that Order (which are repealed by section 14(5)) continue to have effect in relation to the person and the authorisation during the transitional period.N.I.

13  During the transitional period, a person to whom paragraph 12 applies is to be treated for the purposes of Part 12 of the Insolvency Order as fully authorised under Article 349A of that Order (as inserted by section 14(3) of this Act) to act as an insolvency practitioner unless and until the person's authorisation is (by virtue of paragraph 12) withdrawn.N.I.

14  Where, immediately before the commencement date, a person has applied under Article 351 of the Insolvency Order for authorisation to act as an insolvency practitioner and the application has not been granted, refused or withdrawn, Article 351(4) to (7) and 352(1) and (2) of that Order (which are repealed by section 14(5)) continue to have effect in relation to the person and the application during the transitional period.N.I.

15  Where, during the transitional period, an authorisation is (by virtue of paragraph 14) granted under Article 352 of the Insolvency Order, paragraphs 12 and 13 apply as if—N.I.

(a)the authorisation had been granted immediately before the commencement date;

(b)in paragraph 12, the reference to Article 352(3A) to (6) were a reference to Article 352(4) to (6).

16  For the purposes of paragraphs 12 and 14, Articles 353 and 354 of the Insolvency Order (which are repealed by section 14(5)) continue to have effect during the transitional period.N.I.