PARTS XI TO XIVMISCELLANEOUS MATTERS BEARING ON BOTH COMPANY AND INDIVIDUAL INSOLVENCY

PART XIIIPUBLIC ADMINISTRATION

Insolvency practice

Regulations for purposes of Part XII363.

Without prejudice to the generality of any provision of Part XII by virtue of which regulations may be made with respect to any matter, regulations may contain—

(a)

provision as to the matters to be taken into account in determining whether a person is a fit and proper person to act as an insolvency practitioner;

(b)

provision prohibiting a person from so acting in prescribed cases, being cases in which a conflict of interest will or may arise;

(c)

provision imposing requirements with respect to—

(i)

the preparation and keeping by a person who acts as an insolvency practitioner of prescribed books, accounts and other records, and

(ii)

the production of those books, accounts and records to prescribed persons;

(d)

provision conferring power on prescribed persons—

(i)

to require any person who acts or has acted as an insolvency practitioner to answer any inquiry in relation to a case in which he is so acting or has so acted, and

(ii)

to apply to a court to examine such a person or any other person on oath concerning such a case;

(e)

provision making non-compliance with any of the regulations a criminal offence; and

(f)

such incidental, supplemental and transitional provisions as may appear to the Department necessary or expedient.