Implementation of insolvency measures Section 43: Modified procedure for regulations applying new insolvency measures etc
This section allows certain specified types of provision made by regulations which would ordinarily be subject to the affirmative procedure, to instead for a temporary period of six months be made using the made affirmative procedure. Where the made affirmative procedure is relied on, the regulations cease to have effect at the end of the period specified in the section unless approved by both Houses before the end of that period.
	The types of provision specified are provision made applying, or in connection with, the new insolvency measures (those relating to the moratorium or termination clauses in supply contracts) to charitable incorporated organisations under the Charities Act 2011, provisions made in connection with the application of the moratorium to LLPs under the Limited Liability Partnership Act 2000, as well as provision made under the new section A49 of the Insolvency Act 1986 (power to modify Part A1 (moratoriums) in relation to certain companies), section A49A (power to make provision in connection with pension schemes) and amendment to the list of companies eligible for the moratorium in relation to private registered providers of social housing. For the same temporary period, the section also disapplies the consultation duty contained in the Charities Act 2011 in relation to any such regulations concerning CIOs.