The Insolvency (Northern Ireland) Order 1989

Persons not qualified to act as insolvency practitioners

349.—(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 Article 350, 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 Article 352.

(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, and

(b) that security 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 Company Directors Disqualification Act 1986(1) or Part II of the Companies (Northern Ireland) Order 1989(2), or

(c) he is a patient within the meaning of Part VII of the Mental Health Act 1983(3), section 125(1) of the Mental Health (Scotland) Act 1984(4) or Part VIII of the Mental Health (Northern Ireland) Order 1986(5).

(1)

1986 c. 46

(2)

1989 NI 18

(3)

1983 c. 20

(4)

1984 c. 36

(5)

1986 NI 4