Section 419(2)

Without prejudice to the generality of subsection (1) or to any provision of that Part by virtue of which regulations may be made with respect to any matter, regulations under this section may contain— 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; provision prohibiting a person from so acting in prescribed cases, being cases in which a conflict of interest will or may arise; provision imposing requirments with respect to— the preparation and keeping by a person who acts as an insolvency practitioner of prescribed books, accounts and other records, and the production of those books, accounts and records to prescribed persons; provision conferring power on prescribed persons— 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 to apply to a court to examine such a person or any other person on oath concerning such a case; provision making non-co(mpliance with any of the regulations a criminal offence; and such incidental, supplemental and transitional provisions as may appear to the Secretary of State necessary or expedient.

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