Statutory Instrument 1989 No. 2170

The Insolvency Practitioners (Amendment) (No.2) Regulations 1989

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© Crown Copyright 1989

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1989 No. 2170

INSOLVENCY

INSOLVENCY PRACTITIONERS

The Insolvency Practitioners (Amendment) (No.2) Regulations 1989

The Secretary of State, in the exercise of the powers conferred on him by sections 393 and 419 of the Insolvency Act 1986^[1] , hereby makes the following Regulations:-

    1.    These Regulations may be cited as the Insolvency Practitioners (Amendment) (No.2) Regulations 1989 and shall come into force on the day after they are laid before Parliament.

    2.—(1)  The Insolvency Practitioners Regulations 1986^[2] shall be amended as follows.

    (2)  In Regulation 6 (practical training and experience requirements for applicants), after paragraph (5) add-
"  (5A)  For the purposes of paragraph (2) above, the reference to an insolvency practitioner in the definition of office-holder in Regulation 1(3) shall be construed in accordance with section 388 of the Act but without regard to subsection (5) of that section and references to an office-holder who has been appointed or to a person who has been appointed an office-holder shall include references to the official receiver in any case where the official receiver is or has been an office-holder whether by virtue of his office or otherwise." .

John Redwood

Parliamentary Under-Secretary of State Department of Trade and Industry

23rd November 1989

These Regulations amend the Insolvency Practitioners Regulations 1986 (the 1986 Regulations). For the purposes of Regulation 6(2) of the 1986 Regulations (which prescribes requirements with respect to practical training and experience), they amend the definition of "office-holder" and provide for the interpretation of references to the appointment of office-holders. The 1986 Regulations have been amended twice before, by S.I. 1986/2247 and S.I. 1989/1587.

[1] 1986 c. 45. back

[2] S.I. 1986/1995, to which there are amendments not relevant to these Regulations. back