BAILII [Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback]

United Kingdom Statutory Instruments


You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Insolvency (Amendment) Regulations 2009 No. 482
URL: http://www.bailii.org/uk/legis/num_reg/2009/uksi_20090482_en_1.html

[New search] [Help]


 

The Insolvency (Amendment) Regulations 2009

Made

4th March 2009

Laid before Parliament

6th March 2009

Coming into force

6th April 2009

The Secretary of State, in exercise of the powers conferred by sections 411(7) and 412(4) of, and paragraphs 27 of Schedule 8 and 30 of Schedule 9 to, the Insolvency Act 1986(1) and Rule 12.1(g) of the Insolvency Rules 1986(2), makes the following Regulations-"

Citation and commencement

1. These Regulations may be cited as the Insolvency (Amendment) Regulations 2009 and come into force on 6th April 2009.

Amendment of the Insolvency Regulations 1994

2. For Table 2 and Table 3 in Schedule 2 to the Insolvency Regulations 1994(3), substitute-"

-�Table 2

London Rates

Grade according to the Insolvency Service grading structure/Status of Official Total hourly rate £

D2/Official Receiver

C2/Deputy or Assistant Official Receiver

C1/Senior Examiner

L3/Examiner

L2 Examiner

B2/Administrator

L1/Examiner

B1/Administrator

A2/Administrator

A1/Administrator

75

63

58

46

42

46

40

46

40

35

Table 3

Provincial Rates

Grade according to the Insolvency Service grading structure/Status of Official Total hourly rate £

D2/Official Receiver

C2/Deputy or Assistant Official Receiver

C1/Senior Examiner

L3/Examiner

L2 Examiner

B2/Administrator

L1/Examiner

B1/Administrator

A2/Administrator

A1/Administrator

69

58

52

46

40

43

38

42

36

31-�

Pat McFadden

Minister of State for Employment Relations and Postal Affairs

Department for Business, Enterprise and Regulatory Reform

4th March 2009

EXPLANATORY NOTE

(This note is not part of the Regulations)

Regulation 35 of the Insolvency Regulations 1994 provides that the official receiver is entitled to remuneration under that regulation while acting as interim receiver, provisional liquidator, liquidator or trustee. The hourly rates of remuneration payable by virtue of regulation 35 are set out in Tables 2 and 3 in Schedule 2 to the 1994 Regulations.

The hourly rates have been increased and are set out in the new Tables 2 and 3 which are substituted by these Regulations for the existing Tables in the 1994 Regulations.

(1)

1986 c. 45. Back [1]

(2)

S. I. 1986/1925, amended by S.I. 1987/1919; there are other amending instruments but none is relevant. Back [2]

(3)

S.I. 1994/2507, amended by S.I. 2004/472; there are other amending instruments but none is relevant. Back [3]



BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback | Donate to BAILII
URL: http://www.bailii.org/uk/legis/num_reg/2009/uksi_20090482_en_1.html