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The Insolvency Practitioners Regulations (Northern Ireland) 2006
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Retention of bond by recognised professional body or competent authority
10. The bond referred to in paragraph 3 shall be sent by the insolvency practitioner to—
(a)any professional body recognised under Article 350 of the Order of which he is a member and the rules of membership of which entitle him to act as an insolvency practitioner; or
(b)any competent authority by whom the insolvency practitioner is authorised to act pursuant to Article 352 of the Order.
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