
1 

(1) This Order may be cited as the Companies Act 1989 (CommencementNo.10 and Saving Provisions) Order 1991.
(2) In this Order and in the Schedule hereto—
(a) “the Act” means the Companies Act 1989;
(b) “insolvency proceedings” means proceedings of the kinds referred to in section 182(2) and(3) of the Act and also includes proceedings conducted by anadministrative receiver; and
(c) references to insolvency proceedings having begun shall be construedin accordance with section 182(2) and (3) of the Act and, in the case ofproceedings conducted by an administrative receiver, shall mean the timeat which the administrative receiver was appointed.
2 
The provisions of the Companies Act 1989 specified in the firstcolumn of the Schedule to this Order shall come into force on 25th April1991 subject to the savings specified in article 3 of this Order.
3 

(1) Section 157 of the Act shall not have effect in relation to aproposal made before the section comes into force.
(2) Section 160 of the Act shall not impose a duty on any person whereinsolvency proceedings relating to the defaulter in question have begunbefore the section comes into force.
(3) Section 166 of the Act shall not have effect to enable a directionto be given where insolvency proceedings relating to the person inquestion have begun before the section comes into force.
(4) Sections 174(1) and 175 of the Act shall not have effect where therelevant insolvency proceedings have begun before the section comes intoforce.
(5) Section 177 of the Act shall not have effect where the property isheld as margin at the time the section comes into force.
(6) Section 179 of the Act shall not have effect where the property issubject to the relevant market charge at the time the section comes intoforce.
(7) Section 180 of the Act shall not have effect to prevent the continuation of any execution or other legal process commenced, or the continued levying of any distress begun, before the section comes into force.
John Redwood
Minister of State,
Department of Trade and Industry
27th March 1991
SCHEDULE
Article 2


Provisions of Act Subject matter of provisions
Section 65(2) insofar as not yet in force but only to the extent that it refers to Part VII of the Act. Provision for security of information obtained.
Section 75(3) insofar as not yet in force but only to the extent that it refers to Part VII of the Act. Restrictions on disclosure of information.
Section 80 insofar as not yet in force. Amendment of Building Societies Act 1986.
Section 81(2)and (5) insofar as not yet in force. Amendments of the Banking Act 1987.
Section 87(4) insofar as not yet in force. Exceptions from restrictions on disclosure.
Section 154. Financial marketsand insolvency: introduction.
Section 155 insofar as not yet in force. Market contracts.
Section 156and Schedule 21 insofar as not yet in force. Additional requirements for recognition: default rules etc.
Section 157. Change in default rules.
Section 158 insofar as not yet in force. Modifications of the law of insolvency.
Section 159. Proceedings of exchange or clearing house take precedence over insolvency procedures.
Section 160 insofar as not yet in force but except insofar as it has the effect of imposing a duty on any person if compliance with the duty would conflict with the enactments relating to insolvency for the time being in force in Northern Ireland or on a relevant office-holder appointed under the general law of insolvency for the time being in force there. Duty to give assistance for purposes of default proceedings.
Section 161. Supplementary provisions as to default proceedings.
Section 162 except insofar as it would otherwise require an exchange or clearing house to supply a copy of a report to any relevant office-holder appointed under the general law of insolvency for the time being in force in Northern Ireland. Duty to report on completion of default proceedings.
Section 163. Net sum payable on completion of default proceedings.
Section 164. Disclaimer of property, rescission of contracts, etc.
Section 165. Adjustment of prior transactions.
Section 166 except insofar as it would enable a direction to begiven where an order, appointment or resolution corresponding to those mentioned in section 166(6) has been made or passed in relation to the person in question under the general law of insolvency for the time being in force in Northern Ireland. Powers of Secretary of State to give directions.
Section 167 except insofar as it would enable an application to be made by a relevant office-holder appointed by, or in consequence of or in connection with, an order or resolution corresponding to those mentioned in section 167(1) made or passed under the general law of insolvency for the time being in force in Northern Ireland. Application to determine whether default proceedings to be taken.
Section 168. Delegation of functions to designated agency.
Section 169 except section 169(4). Supplementary provisions.
Section 173 insofar as not yet in force. Market charges.
Section 174 insofar as not yet in force. Modifications of the law of insolvency.
Section 175. Administration orders, etc.
Section 177. Application of margin not affected by certain other interests.
Section 179. Priority of market charge over unpaid vendor’s lien.
Section 180. Proceedings against market property by unsecured creditors.
Section 182 and Schedule 22. Powers of court in relation to certain proceedings begun before commencement.
Section 183. Insolvency proceedings in other jurisdictions.
Section 184 except insofar as section 184(1) has effect in relation to any relevant office-holder appointed under the general law of insolvency for the time being in force in Northern Ireland. Indemnity for certain acts, etc.
Section 187 insofar as not yet in force. Construction of references to parties to market contracts.
Section 188. Meaning of“default rules” and related expressions.
Section 189. Meaning of“relevant office-holder”.
Section 190. Minor definitions.
Section 191. Index of defined expressions.
Section 201. Directions to secure compliance with international obligations.