1.—(1) These Rules may be cited as the Insolvent Companies (Reports on Conduct of Directors) (Amendment) Rules 2001.

(2) These Rules shall come into force on 2nd April 2001.

(3) In these Rules “the 1996 Rules” means the Insolvent Companies (Reports on Conduct of Directors) Rules 1996(1).

2.—(1) The 1996 Rules shall be amended in accordance with this rule.

(2) There shall be substituted for the Schedule to the 1996 Rules the Schedule to these Rules.

3.—(1) Where any of the events mentioned in sub-paragraphs (a), (b) or (c) of rule 3(1) of the 1996 Rules occurred before the coming into force of these Rules this rule shall apply.

(2) Until 1st August 2001—

(a)the forms contained in the Schedule to the 1996 Rules, before the coming into force of these Rules, which were required to be used for the purpose of complying with the 1996 Rules, or

(b)the Form D1 or D2, as appropriate, as set out in the Schedule to these Rules, and as substituted in the 1996 Rules, or a form which is substantially similar thereto, with such variations, if any, as the circumstances require,

• may be used for the purpose of complying with rules 3 or 4 of the 1996 Rules; but after that date the forms mentioned in sub-paragraph (b) of this paragraph shall be used for that purpose.