SCHEDULES
SCHEDULE 1SINGLE REGULATOR OF INSOLVENCY PRACTITIONERS: SUPPLEMENTARY PROVISION
Name, members and chair
2
1
The Regulations must prescribe the name by which the body is to be known.
2
The Regulations must provide that the members of the body must be appointed by the Department after such consultation as the Department thinks appropriate.
3
The Regulations must provide that the Department must appoint one of the members as the chair of the body.
4
The Regulations may include provision about—
a
the terms on which the members of the body hold and vacate office;
b
the terms on which the person appointed as the chair holds and vacates that office.