SCHEDULE 11 Single Regulator of Insolvency Practitioners: Supplementary Provision

SCHEDULE 11 Single Regulator of Insolvency Practitioners: Supplementary Provision

Section 144

Operation of this Schedule

1

(1)     This Schedule has effect in relation to regulations under section 144 designating a body (referred to in this Schedule as “the Regulationsâ€) as follows—

(a)     paragraphs 2 to 13 have effect where the Regulations establish the body;

(b)     paragraphs 6, 7 and 9 to 13 have effect where the Regulations designate an existing body (see section 144(2)(b));

(c)     paragraph 14 also has effect where the Regulations designate an existing body that is an unincorporated association.

(2)     Provision made in the Regulations by virtue of paragraph 6 or 12, where that paragraph has effect as mentioned in sub-paragraph (1)(b), may only apply in relation to—

(a)     things done by or in relation to the body in or in connection with the exercise of functions conferred on it by the Regulations, and

(b)     functions of the body which are functions so conferred.

Name, members and chair

2

(1)     The Regulations must prescribe the name by which the body is to be known.

(2)     The Regulations must provide that the members of the body must be appointed by the Secretary

Powered by Lexis+®

Popular documents