Moratorium Section 3 and Schedule 4: temporary modifications in light of coronavirus
This section introduces Schedule 4 to the Act, which makes temporary modifications to the moratorium provisions in Part A1 of the Insolvency Act 1986 in light of the coronavirus. Part 2 of Schedule 4 contains the modifications which have been made to the permanent provisions of the moratorium during the COVID-19 crisis. Part 3 of Schedule 4 makes temporary rules for England and Wales and Part 4 makes temporary rules for Scotland. Part 5 ensures that the powers which enable Part A1 of the Insolvency Act 1986 to be applied to limited liability partnerships and registered societies can also be used to apply the temporary modifications made to Part A1 by Schedule 4 to the Act to those entities.