Clause 491

by deleting paragraph (d) of the definition of “officer” in section 86A(1) and substituting the following paragraph:“(d)any judicial manager of the corporation appointed under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018;”;

by deleting the definition of “Official Receiver” in section 86A(1) and substituting the following definition:“ “Official Receiver” has the meaning given by section 2(1) of the Insolvency, Restructuring and Dissolution Act 2018;”;

by deleting the words “Part VIIIA of the Companies Act (Cap. 50)” in section 87(3) and substituting the words “Part 7 of the Insolvency, Restructuring and Dissolution Act 2018”;

by deleting paragraph (b) of section 88(4) and substituting the following paragraph:“(b)no judicial manager may be appointed under Part 7 of the Insolvency, Restructuring and Dissolution Act 2018 in relation to the company;”;

by deleting the full-stop at the end of paragraph (c) of section 88(4) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(d)no application under section 210 of the Companies Act or section 71 of the Insolvency, Restructuring and Dissolution Act 2018 may be made by any person in relation to the company, unless that person has served 14 days’ written notice of that person’s intention to make the application on the Authority.”;

by deleting subsection (5) of section 88 and substituting the following subsection:“(5) The Authority must be a party to —

any proceedings under the Insolvency, Restructuring and Dissolution Act 2018 relating to the winding up of the affairs of a company that is a relevant public licensee; or

any proceedings relating to the making of an order under section 210 of the Companies Act or section 71 of the Insolvency, Restructuring and Dissolution Act 2018 in relation to a company that is a relevant public licensee.”; and

by deleting the words “section 254(2) of the Companies Act (Cap. 50)” in section 88(7) and substituting the words “section 125(2) of the Insolvency, Restructuring and Dissolution Act 2018”.