Section 20(1)

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.

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