SCHEDULES

SCHEDULE 1SINGLE REGULATOR OF INSOLVENCY PRACTITIONERS: SUPPLEMENTARY PROVISION

Operation of this Schedule

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1

This Schedule has effect in relation to regulations under section 21 designating a body (referred to in this Schedule as “the Regulations”) 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 21(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.