[F1Application of regulatory objectivesN.I.
350B—(1) In discharging regulatory functions, a recognised professional body must, so far as is reasonably practicable, act in a way—
(a)which is compatible with the regulatory objectives; and
(b)which the body considers most appropriate for the purpose of meeting those objectives.
(2) In discharging functions under this Part, the Department must have regard to the regulatory objectives.]
F1Arts. 350B-350C and cross-heading inserted (1.4.2016) by Insolvency (Amendment) Act (Northern Ireland) 2016 (c. 2), ss. 15(1), 28(2); S.R. 2016/203, art. 2
Modifications etc. (not altering text)
C1Arts. 349-350T applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)