Regulatory applicability clarification: amendment rules apply to liquidations commencing after their commencement; prior processes follow earlier requirements. Amendment inserts Explanations after regulations 2A, 21A and 31A clarifying that those regulations' requirements apply to liquidation processes commencing on or after the commencement of the 2019 amendment regulations, and inserts an Explanation after regulation 44 providing that for liquidation processes commenced prior to the 2019 commencement, the pre 2019 requirements of regulation 44 shall continue to apply; the 2022 regulations take effect on publication.
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Regulatory applicability clarification: amendment rules apply to liquidations commencing after their commencement; prior processes follow earlier requirements.
Amendment inserts Explanations after regulations 2A, 21A and 31A clarifying that those regulations' requirements apply to liquidation processes commencing on or after the commencement of the 2019 amendment regulations, and inserts an Explanation after regulation 44 providing that for liquidation processes commenced prior to the 2019 commencement, the pre 2019 requirements of regulation 44 shall continue to apply; the 2022 regulations take effect on publication.
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