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Small Business, Enterprise and Employment Act 2015

Small Business, Enterprise and Employment Act 2015

2015 CHAPTER 26

Commentary on Sections

Part 10: INSOLVENCY

Regulation of insolvency practitioners: amendments to existing regime

Section 142: Power for Secretary of State to obtain information

800.This section introduces new section 391S to the Insolvency Act 1986 which gives the Secretary of State the power to require information from specified people to enable the Secretary of State to carry out functions under Part 13 of the Insolvency Act 1986.

801.The people that the Secretary of State can in writing require information from are:

i.

an RPB;

ii.

any individual who is or has been authorised to act as an IP; and

iii.

any person who is connected to such an individual.

802.A person ‘connected’ to the IP in question includes an employee of that individual, a person who acted on that IP’s behalf in any other way and; the employer of the IP.

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