The Enterprise Bill received Royal Assent on 4th May 2016. The late payment provisions, which are drafted as an amendment to the Insurance Act 2015, will therefore come into force on 4 May 2017.

The Third Parties (Rights against Insurers) Act 2010 has now been updated by regulations (the Third Parties (Rights against Insurers) Regulations 2016) to reflect changes in insolvency law. The 2010 Act will come into force on 1 August 2016.