137 Recognised professional bodies: recognition
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

Regulation of Insolvency Practitioners: Amendments to Existing Regime

137  Recognised professional bodies: recognition

(1)     In Part 13 of the Insolvency Act 1986 (insolvency practitioners), for section 391 (recognised professional bodies) (as substituted by section 17 of the Deregulation Act 2015) substitute—

“391 Recognised professional bodies

(1)     The Secretary of State may by order, if satisfied that a body meets the requirements of subsection (4), declare the body to be a recognised professional body which is capable of providing its insolvency specialist members with full authorisation or partial authorisation.

(2)     The Secretary of State may by order, if satisfied that a body meets the requirements of subsection (4), declare the body to be a recognised professional body which is capable of providing its insolvency specialist members with partial authorisation only of the kind specified in the order (as to which, see section 390A(1)).

(3)     Section 391A makes provision about the making by a body of an application to the Secretary of State for an order under this section.

(4)     The requirements are that—

(a)     the body regulates (or is going to regulate) the practice of a profession,

(b)     the body has rules which it is going to

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