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| Modernisation
of Insolvency Secondary Legislation- Links to Modernisation Rules SIs and
LRO-March 2010 Following on from the new insolvency advertising regime delivered in April 2009, The Insolvency Service Policy Unit has successfully delivered the second phase of modernisation of the Insolvency Rules. The changes implemented by the project to modernise the Insolvency Rules will provide estimated annual savings of £48 million in the cost of administering insolvencies, including the advertising changes in April 2009. These savings are expected to be passed on to creditors in the form of improved returns and the new e-delivery provisions will also provide for a significant reduction in the insolvency carbon footprint. The following instruments have been made and laid in Parliament, and (subject to the Parliamentary process) will come into force from 6th April 2010: · The Legislative Reform (Insolvency)(Miscellaneous Provisions) Order 2010 (2010 No.18); · The Insolvency (Amendment) Rules 2010 (2010 No.686); · The Insolvency (Amendment)(No 2) Rules 2010 (2010 No.734); · The Insolvency (Scotland) Amendment Rules 2010 (2010 No 688). Links to each of these instruments are provided below: 1. The Insolvency (Amendment) Rules 2010 (2010 No 686) http://www.opsi.gov.uk/si/si2010/uksi_20100686_en_1 2. The Insolvency (Amendment)(No 2) Rules 2010 (2010 No 734) “http://www.opsi.gov.uk/si/si2010/uksi_20100734_en_1” 3. The Legislative Reform (Insolvency)(Miscellaneous Provisions)Order 2010 (2010 No 18) “http://www.opsi.gov.uk/si/si2010/uksi_20100018_en_1 Any enquiries regarding the above should be directed towards Neil Ogilvie, Policy Unit, Zone B, Third Floor, 21 Bloomsbury Street, London WC1B 3QW; e-mail Neil.Ogilvie@insolvency.gsi.gov.uk 4. The Insolvency (Scotland)Amendment Rules 2010 (2010 No 688) Any enquiries regarding this fourth instrument should be directed towards Steven Chown, Policy Unit, Zone B, Third Floor, 21 Bloomsbury Street, London WC1B 3QW; e-mail Steven.Chown@insolvency.gsi.gov.uk
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