“Act as insolvency practitioner”
3.—(1) A person acts as an insolvency practitioner in relation to a company by acting—
(a)as its liquidator, provisional liquidator, administrator or administrative receiver, or
(b)as supervisor of a voluntary arrangement approved by it under Part II.
(2) A person acts as an insolvency practitioner in relation to an individual by acting—
(a)as his trustee in bankruptcy or interim receiver of his property; or
(b)as trustee under a deed which is a deed of arrangement made for the benefit of his creditors; or
(c)as supervisor of a voluntary arrangement proposed by him and approved under Part VIII; or
(d)in the case of a deceased individual to the administration of whose estate this Article applies by virtue of an order under Article 365 (application of provisions of this Order to insolvent estates of deceased persons), as administrator of that estate.
(3) References in this Article to an individual include references to a partnership.
(4) In this Article—
“administrative receiver” has the meaning given by Article 5(1);
“company” means a company within the meaning given by Article 3(1) of the Companies Order or a company which may be wound up under Part VI of this Order (unregistered companies) or a building society within the meaning of the Building Societies Act 1986(1).
(5) Nothing in this Article applies to anything done by the official receiver.