Part 6 Authorisation of Insolvency Practitioners

Part 6 Authorisation of Insolvency Practitioners

17

Part 13 of the Insolvency Act 1986 (insolvency practitioners and their qualification) is amended in accordance with paragraphs 18, 19 and 21.

Repeal of provision for authorisation of nominees and supervisors in relation to voluntary arrangements

18

Omit section 389(1A) (acting without qualification not an offence if authorised under section 389A).

19

Omit section 389A (authorisation of nominees and supervisors).

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(1)     The following repeals are made in consequence of paragraphs 18 and 19.

(2)     In the Insolvency Act 1986—

(a)     in section 1(2), omit “or authorised to act as nominee,â€;

(b)     in section 2(4), omit “, or authorised to act as nominee,â€;

(c)     in section 4(2), omit “or authorised to act as nominee,â€;

(d)     in section 7(5), omit “or authorised to act as supervisor,â€;

(e)     in Schedule A1—

(i)     in paragraph 28(1), omit “, or authorised to act as nominee,â€;

(ii)     in paragraph 31(2), omit “, or authorised to act as nominee,â€;

(iii)     in paragraph 33(1), omit “, or authorised to act as nominee,â€;

(iv)     in paragraph 39(6), omit “, or authorised to act as supervisor,â€.

(3)     In the Insolvency Act

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