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7. Any premium (or a proportionate part thereof) of any bond of caution or other security required to be given by an insolvency practitioner in respect of that insolvency practitioner’s actings as interim trustee or trustee in any sequestration in which the insolvency practitioner is elected or appointed may be taken into account as part of that insolvency practitioner’s outlays in that sequestration(1).
This regulation re-enacts, with modifications, regulation 10 of the 1985 Regulations.
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