SCHEDULE 1
Regulation 2(1)
Consequential amendments to Acts of Parliament
PART 1
In section 8 of the Bills of Sale Act 1878 (avoidance of unregistered bills of sale in certain cases)8before “filing the petition for bankruptcy” insert “making the bankruptcy application or”.
2. Agricultural Credits Act 1928
In section 8(5) of the Agricultural Credits Act 1928 (supplemental provisions as to agricultural charges)9—
(a) for “adjudged” substitute “made”;
(b) before “presentation of the bankruptcy petition” insert “making of the bankruptcy application or”.
3. Law of Property (Joint Tenants) Act 1964
In section 1(1)(b) of the Law of Property (Joint Tenants) Act 1964 (assumptions on sale of land by survivor of joint tenants)10—
(a) before “a petition” insert “an application or”;
(b) before “or petition” insert “, application”.
(1) The Land Charges Act 197211is amended as follows.
(2) In section 5 (the register of pending actions)12—
(a)
(a) in subsection (1)—
(i) after paragraph (b) insert—
“(c)
“(c) a bankruptcy application.”;
(b)
(b) in subsection (3)—
(i) at the end of paragraph (a) omit “and”;
(ii) at the end of paragraph (b) insert “and”;
(iii) after paragraph (b) insert—
“(c)
“(c) if it relates to a bankruptcy application, the date on which the bankruptcy application was made.”;
(c)
(c) after subsection (6) insert—
“6A No fee shall be charged for the registration of a bankruptcy application.”;
(d)
(d) in subsection (8) before “petition in bankruptcy” insert “bankruptcy application or”.
(3) In section 6(6) (the register of writs and orders affecting land)13—
(a)
(a) before “petition in bankruptcy” insert “bankruptcy application or”;
(b)
(b) for the words from “either the registration of the petition” to the end of the section substitute—
“either—
(a)
(a) the registration of the application or the petition is in force; or
(b)
(b) a receiving order on the application or the petition is registered under this section.”.
(4) In section 16(2) (general rules)14before “petition in bankruptcy” insert “bankruptcy application or”.
(1) Section 23 of the Estate Agents Act 1979 (bankrupts not to engage in estate agency work)15is amended as follows.
(2) In subsection (1) for “adjudged” substitute “made”.
(3) In subsection (2)(a) for “adjudication of bankruptcy” substitute “bankruptcy order made”.
In section 121(2)(a) of the Housing Act 1985 (circumstances in which the right to buy cannot be exercised)16before “has a bankruptcy petition” insert “has made a bankruptcy application that has not been determined or”.
(1) The Finance Act 198617is amended as follows.
(2) In section 80D(9)(e) (repurchases and stock lending: replacement stock on insolvency)18before “presentation of a bankruptcy petition” insert “making of a bankruptcy application or”.
(3) In section 89AB(9)(e) (stamp duty reserve tax: exception for repurchases and stock lending in case of insolvency)19before “presentation of a bankruptcy petition” insert “making of a bankruptcy application or”.
8. Company Directors Disqualification Act 1986
In section 11(2A) of the Company Directors Disqualification Act 1986 (undischarged bankrupts)20for paragraph (a)(i) substitute—
“(i)
“(i) the court by which the bankruptcy order was made or (if the order was not made by a court) the court to which a debtor may appeal against a refusal to make a bankruptcy order, or”.
(1) The Companies Act 198921is amended as follows.
(2) In section 155(3B)(a) (market contracts)22before “the presentation of a bankruptcy petition” insert “the making of a bankruptcy application or”.
(3) In section 158(3)(a) (modifications of the law of insolvency)23before “the presentation of a bankruptcy petition” insert “the making of a bankruptcy application or”.
(4) In section 163(4)(a) (net sum payable on completion of default proceedings)24before “a bankruptcy petition” insert “a bankruptcy application or”.
(5) In section 164 (disclaimer of property, rescission of contracts etc)25—
(a)
(a) in subsection (3), in the words before paragraph (a) “or presentation of bankruptcy petition” insert “, submission of bankruptcy application or”;
(b)
(b) in subsection (4)(a) before “a petition has been presented” insert “a bankruptcy application has been submitted or”;
(c)
(c) in subsection (4)(b) for “such a petition has been presented” substitute “such an application has been made or petition presented”.
(6) In section 175 (administration orders etc)26—
(a)
(a) in subsection (4) before “or presentation of bankruptcy petition” insert “, making of bankruptcy application”;
(b)
(b) in subsection (5) before “a petition has been presented” insert “a bankruptcy application has been made or”.
(7) In section 182(2) (powers of court in relation to certain proceedings begun before commencement) before paragraph (a) insert—
“(za)
“(za) the making of a bankruptcy application on which a bankruptcy order is made, ”.
10. Taxation of Chargeable Gains Act 1992
In section 263CA(9)(e) of the Taxation of Chargeable Gains Act 1992 (stock lending: insolvency etc of borrower)27before “the presentation of a bankruptcy petition” insert “bankruptcy application made or”.
(1) The Pensions Act 199528is amended as follows.
(2) After section 4(1)(b) (suspension orders)29insert—
“(ba)
“(ba) where an application has been made under section 263H of the Insolvency Act 198630for an order making him bankrupt and the application has not been determined,”.
(3) In section 29(1)(b)31(persons disqualified for being trustees) for “adjudged” substitute “made”.
12. Welfare Reform and Pensions Act 1999
In section 11(1) of the Welfare Reform and Pensions Act 1999 (effect of bankruptcy on petition rights: approved arrangements)32before “petition presented” insert “bankruptcy application made or”.
13. Financial Services and Markets Act 2000
In section 374(3) of the Financial Services and Markets Act 2000 (powers of Financial Conduct Authority or Prudential Regulation Authority to participate in proceedings)33for the words from the beginning to “or Article 248 of the 1989 Order)” substitute “In the case of a petition presented under Article 238 of the 1989 Order, a copy of the report prepared under Article 248 of that Order”.
14. International Criminal Court Act 2001
(1) Paragraph 9 (bankruptcy: England and Wales) of Schedule 6 (freezing orders in respect of property liable to forfeiture) to the International Criminal Court Act 200134is amended as follows.
(2) In sub-paragraphs (1) and (2) for “adjudged” substitute “made”.
(3) In sub-paragraph (1)(a) for “adjudging” substitute “making”.
15. Land Registration Act 2002
(1) The Land Registration Act 200235is amended as follows.
(2) In section 86 (bankruptcy)—
(a)
(a) in subsection (1) before “petition in bankruptcy” insert “bankruptcy application,”;
(b)
(b) in subsection (2) before “petition in bankruptcy” insert “bankruptcy application or”;
(c)
(c) in subsection (5)—
(i) for “adjudged” substitute “made”;
(ii) in...
