Moratorium Chapter 5: contains provisions about the monitor
During the moratorium, the monitor must monitor the company’s affairs in order to establish whether it remains likely that the moratorium will result in the rescue of the company as a going concern. The monitor may require the directors of the company to provide information and can rely on information provided by the company when forming this view, unless there are reasons to doubt its accuracy.
	The monitor must bring the moratorium to an end at any time by filing a notice at court if the monitor thinks that: the moratorium is no longer likely to result in the rescue of the company as a going concern; the company has been rescued as a going concern; the monitor is unable to carry out its functions because the directors have failed to provide the information required by the monitor ; or the company is unable to pay its moratorium debts, and pre-moratorium debts from which the company does not have a payment holiday, which have fallen due. The moratorium ends on the date the notice is filed at court. The monitor may apply to the court for directions about carrying out their functions.
	On an application by the directors or the monitor, the court may make an order to replace the monitor or appoint an additional monitor. Any monitor to be so appointed must make a statement that they are qualified to act and consent to do so. Any statement of consent to act must include details of which functions are to be carried out by which monitor; or whether they are to be carried out jointly. The monitor must notify the registrar of companies and the company’s creditors of which they are aware of the removal of a monitor or the appointment of a new monitor. In addition, where the company to which the moratorium relates is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, any notice required to be sent to creditors of the company must also be sent to the Pensions Regulator. Where the company is an employer of a pension scheme eligible under section 126 of the Pensions Act 2004, any notice must be sent to the Board of the Pension Protection Fund.
	Where two or more persons act jointly as the monitor, a reference to the monitor is a reference to those persons acting jointly; where an offence of omission is committed, each of the persons appointed to act jointly commits the office and may be punished individually. Where persons act jointly in respect of only some of the functions of the monitor, this only applies in relation to those functions.