Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024

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Amendment of section 558ZY of Principal Act

49. Section 558ZY of the Principal Act is amended—

(a) by the insertion of the following subsection after subsection (4):

“(4A) Where a process adviser does not make use of the services of the staff and facilities of the eligible company in accordance with subsection (4), the relevant court may request a written report from the process adviser stating the reasons for not doing so.”,

and

(b) in subsection (5), by the substitution of “subsection (4) and any written report provided to it in accordance with subsection (4A)” for “subsection (4)”.