Section 391C(3)

“Regulatory objectives” means the objectives of— having a system of regulating persons acting as insolvency practitioners that— secures fair treatment for persons affected by their acts and omissions, reflects the regulatory principles, and ensures consistent outcomes, encouraging an independent and competitive insolvency-practitioner profession whose members— provide high quality services at a cost to the recipient which is fair and reasonable, act transparently and with integrity, and consider the interests of all creditors in any particular case, promoting the maximisation of the value of returns to creditors and promptness in making those returns, and protecting and promoting the public interest.

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