85. Application of these Regulations to other types of Company

(1) If, for Part 11 (Other types of Company) of the AIFC Companies Regulations, a type of Company is prescribed under the Rules, the Rules may make provision for or in relation to:

1. (a) prescribing the following in relation to Companies of that type:
2. (i) the circumstances and way in which the Companies may enter into Voluntary Arrangements or receiverships or be wound up;

(ii) requirements or obligations in relation to the appointment of Insolvency Practitioners or Official Liquidators for them;

(iii) forms and procedures for Voluntary Arrangements or receiverships for, and the winding up of, the Companies; and

1. (b) extending, excluding, waiving or modifying the application of provisions of these Regulations or the Rules to facilitate the orderly application of insolvency law in relation to a Company of that type.

(2) Subject to any Rules made for subsection (1), these Regulations apply to a Company of a type to which that subsection applies except so far as any other AIFC Regulations or any AIFC Rules provide otherwise.