Special administration

There are a number of special administration regimes (SARs) in the UK which amend the general administration process set out in the Insolvency Act 1986 (IA 1986). These are found in industries where companies carry out a statutory function of a public nature, for example, water or energy, or where there is a wider public interest in having a bespoke administration regime, for example, financial institutions or social housing. The form of these regimes generally follows that set out in IA 1986, but the nature of the industry means that it is appropriate for the administrator to have modified objectives and corresponding powers to achieve those objectives.