The Insolvency Practitioners (Recognised Professional Bodies) (Revocation of Recognition) Order (Northern Ireland) 2021

Made: 18th November 2021

Coming into operation: 6th January 2022

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Citation and commencement and effect

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Amendment of the Insolvency Practitioners (Recognised Professional Bodies) Order (Northern Ireland) 1991

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Signed

Sealed with the Official Seal of the Department for the Economy on 18 November 2021

Colin Jack — A senior officer of the Department for the Economy

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

The Insolvency Practitioners (Recognised Professional Bodies) Order (Northern Ireland) 1991 declares the bodies specified in the Schedule to that Order to be recognised professional bodies for the purposes of Article 350 of the Insolvency (Northern Ireland) Order 1989. The Association of Chartered Certified Accountants (formerly the Chartered Association of Certified Accountants) and the Law Society of Northern Ireland have asked to have their recognition as recognised professional bodies revoked.

Regulation 2 of this Order amends the Insolvency Practitioners (Recognised Professional Bodies) Order (Northern Ireland) 1991, by omitting the Association of Chartered Certified Accountants and the Law Society of Northern Ireland from the Schedule to that Order with effect from 6 January 2022. From this date the Association of Chartered Certified Accountants and the Law Society of Northern Ireland will cease to be recognised professional bodies for the purposes of Article 350 of the Insolvency (Northern Ireland) Order 1989.

A notice specifying the date from which this Order takes effect and the Department’s reasons for making it, as required by Article 350N(3) of the Insolvency (Northern Ireland) Order 1989, was published on 15 November 2021. A print version of the notice is available from the Insolvency Service, Department for the Economy, Fermanagh House, Ormeau Avenue, Belfast, BT2 8NJ. The notice is available online at https://www.economy-ni.gov.uk/publications/insolvency-service-notice-revocation-recognition-two-bodies-recognised-professional-bodies

A regulatory impact assessment has not been produced for this instrument as it does not impose any costs on business, charities, social enterprise of voluntary bodies.

An Explanatory Memorandum has been prepared and is available alongside this Order at www.legislation.gov.uk

Footnotes

[^f00001]: Formerly the Department of Enterprise, Trade and Investment; see section 1(3) of the Departments Act (Northern Ireland) 2016 c. 5N.I.))

[^f00002]: S.I. 1989/2405 (N.I. 19), Article 350N was inserted by section 17(1) of the Insolvency (Amendment) Act (Northern Ireland) 2016 (2016 c. 2 (N.I.).

[^f00003]: S.R. 1991 No. 301 is treated as made under Article 350(1) and (5) of the Insolvency (Northern Ireland) Order 1989 as substituted by section 14(4) of the Insolvency (Amendment) Act (Northern Ireland) 2016, and has been amended by the Insolvency Practitioners (Recognised Professional Bodies) (Amendment) Order (Northern Ireland) 2017 (S.R. 2017 No. 4).

[^f00004]: The Association of Chartered Certified Accountants is a Royal Charter company. The amendment of the Charter of the body, to substitute this name, was allowed by an Order in Council dated 15th October 1996. The Association of Chartered Certified Accountants was substituted for the entry for The Chartered Association of Certified Accountants in the Schedule to S.R. 1991 No. 301 by Article 2(b) S.R. 2017 No.4.

Editorial notes

[^key-703b19ab0b42cad3c6f943f168c4260d]: Order revoked (5.1.2022) by The Insolvency Practitioners (Recognised Professional Bodies) (Revocation of Recognition) (Revocation) Order (Northern Ireland) 2022 (S.R. 2022/2), arts. 1(1), 2