§ 6 Schedule 1, page 10, line 17, after ("is") insert ("or has been")
§ Lord McIntosh of HaringeyMy Lords, I beg to move that the House do agree with the Commons in their Amendment No. 6. This amendment makes it explicit on the face of the Bill that Schedule AI will apply where there is or has been a moratorium in force. Previously, new Section 1A(2)(d) provided that the procedure would apply only while a moratorium was in force. However, the scheme set out in Schedule AI envisages that certain acts will necessarily take place after the moratorium has come to an end. This is because it relates not only to approval but also implementation of a voluntary arrangement which, by definition, takes place once a moratorium has ended.
Moved, That the House do agree with the Commons in their Amendment No. 6.—(Lord McIntosh of Haringey.)
On Question, Motion agreed to.