delete The Contracting Out (Functions of the Official Receiver) Order 1995
The Contracting Out (Functions of the Official Receiver) Order 1995 allows the Official Receiver to contract out insolvency functions to authorized persons or their employees, except those listed in a Schedule. It restricts the right of audience in court proceedings to those qualified under the Courts and Legal Services Act 1990. The Order defines key terms including references to the Insolvency Act 1986, Companies Act 1985 (since repealed), and Insolvency Rules 1986.
This instrument is a relic of EU-era insolvency administration that has not been substantively reviewed since 1995. Critically, it references the Companies Act 1985 which was repealed and replaced by the Companies Act 2006, making its definitions partially obsolete. The Schedule of excepted functions creates a closed list that prevents adaptability to modern insolvency practices. Furthermore, it perpetuates a system where quasi-judicial insolvency functions can be delegated without competitive tendering requirements, limiting market efficiency. The Enterprise Act 2002 fundamentally reformed the insolvency landscape yet this Order was not updated to reflect those changes. The instrument should be repealed and replaced with modern, market-facing insolvency administration rules that allow genuine competition and avoid gold-plating EU directives on insolvency practitioner qualifications.