keep The Insolvency Fees (Amendment) Order 2001
Amends the Insolvency Fees Order 1986 by inserting a 0.625 per cent fee on amounts expended for purchasing Government securities (including Treasury Bill renewal) pursuant to regulation 23A requests. Comes into force 2nd April 2001.
This is a routine fee-setting amendment for insolvency administration services. The fee (0.625%) represents cost recovery for a specific administrative function—handling government securities purchases within insolvency estates. Without this fee structure, either the Insolvency Service would need to subsidise these activities from general taxation, or the function would be performed without proper cost allocation to beneficiaries. Unlike broader regulatory burdens that distort markets, this simply recovers costs for a statutory service. Deletion would create a gap in insolvency fee recovery with no clear free-market benefit.