17 Authorisation of insolvency practitioners
Deregulation Act 2015 (2015 c 20) | Legislation

Companies and Insolvency

17  Authorisation of insolvency practitioners

(1)     Part 13 of the Insolvency Act 1986 (insolvency practitioners and their qualification) is amended in accordance with subsections (2) to (4).

(2)     In section 390 (persons not qualified to act as insolvency practitioners), for subsection (2) substitute—

“(2)     A person is not qualified to act as an insolvency practitioner at any time unless at that time the person is appropriately authorised under section 390A.”

(3)     After section 390 insert—

“390ܳٳǰپDz

(1)     In this Part—

“partial authorisation” means authorisation to act as an insolvency practitioner—

(a)     only in relation to companies, or

(b)     only in relation to individuals;

“full authorisation” means authorisation to act as an insolvency practitioner in relation to companies, individuals and insolvent partnerships;

“partially authorised” and “fully authorised” are to be construed accordingly.

(2)     A person is fully authorised under this section to act as an insolvency practitioner—

(a)     by virtue of being a member of a professional body recognised under section 391(1) and being permitted to act as an insolvency practitioner for all purposes by or under the rules of that body, or

(b)     by holding an authorisation granted by the Department of Enterprise,

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