Section 391(4)

The requirements are that— the body regulates (or is going to regulate) the practice of a profession, the body has rules which it is going to maintain and enforce for securing that its insolvency specialist members— are fit and proper persons to act as insolvency practitioners, and meet acceptable requirements as to education and practical training and experience, and the body's rules and practices for or in connection with authorising persons to act as insolvency practitioners, and its rules and practices for or in connection with regulating persons acting as such, are designed to ensure that the regulatory objectives are met (as to which, see section 391C).

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Source: legislation.gov.uk · retrieved 2026-09-04