Section 20

The Secretary of State may by regulations amend, or modify the effect of, corporate insolvency or governance legislation so as to— change the conditions that must be met before a corporate insolvency or restructuring procedure applies to entities of any description (whether by adding, varying or removing any condition), change the way in which a corporate insolvency or restructuring procedure applies in relation to entities of any description, or change or disapply any duty of a person with corporate responsibility or the liability of such a person to any sanction. Regulations under this section may— make different provision for different purposes; make provision binding the Crown. Regulations under this section must be made in accordance with sections 21 to 26.

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Source: legislation.gov.uk · retrieved 2026-09-04