Section 391R(3)

A direct sanctions direction may require the relevant recognised professional body to take all necessary steps to secure that— the person is no longer authorised (whether fully or partially) to act as an insolvency practitioner; the person is no longer fully authorised to act as an insolvency practitioner but remains partially authorised to act as such either in relation to companies or individuals, as specified in the direction; the person's authorisation to act as an insolvency practitioner is suspended for the period specified in the direction or until such time as the requirements so specified are complied with; the person must comply with such other requirements as may be specified in the direction while acting as an insolvency practitioner; the person makes such contribution as may be specified in the direction to one or more creditors of a company, individual or insolvent partnership in relation to which the person is acting or has acted as an insolvency practitioner.

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