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Insolvency Act 1986
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Rhagor o Adnoddau
Changes over time for: Section 390
Version Superseded: 02/04/2001
Alternative versions:
- 01/02/1991- Amendment
- 01/10/1997
Point in time - 02/04/2001- Amendment
- 01/04/2002- Amendment
- 01/04/2004- Amendment
- 01/09/2004- Amendment
- 27/09/2005- Amendment
- 01/10/2007- Amendment
- 24/02/2009- Amendment
- 01/10/2009- Amendment
- 28/12/2009- Amendment
- 01/10/2015- Amendment
- 06/04/2016- Amendment
- 30/11/2016- Amendment
- 07/04/2017- Amendment
- 08/07/2021- Amendment
- 04/01/2024- Amendment
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Point in time view as at 01/10/1997. This version of this provision has been superseded.
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Insolvency Act 1986, Section 390 is up to date with all changes known to be in force on or before 11 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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390 Persons not qualified to act as insolvency practitioners. E+W+S
(1)A person who is not an individual is not qualified to act as an insolvency practitioner.
(2)A person is not qualified to act as an insolvency practitioner at any time unless at that time—
(a)he is authorised so to act by virtue of membership of a professional body recognised under section 391 below, being permitted so to act by or under the rules of that body, or
(b)he holds an authorisation granted by a competent authority under section 393.
(3)A person is not qualified to act as an insolvency practitioner in relation to another person at any time unless—
(a)there is in force at that time security or, in Scotland, caution for the proper performance of his functions, and
(b)that security or caution meets the prescribed requirements with respect to his so acting in relation to that other person.
(4)A person is not qualified to act as an insolvency practitioner at any time if at that time—
(a)he has been adjudged bankrupt or sequestration of his estate has been awarded and (in either case) he has not been discharged,
(b)he is subject to a disqualification order made under the M1Company Directors Disqualification Act 1986, or
(c)he is a patient within the meaning of Part VII of the M2Mental Health Act 1983 or section 125(1) of the M3Mental Health (Scotland) Act 1984.
Modifications etc. (not altering text)
C1s.390 applied with modifications by S.I. 1986/1999, art. 3, Sch. 1 Pt. II
C2S. 390(2)(3) modified by S.I. 1990/1392, art. 7
Marginal Citations
M31984 C. 36.
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