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The Insolvency Practitioners (Amendment) Regulations 2002
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- 2002 No. 2710
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations make amendments to the Insolvency Practitioners Regulations 1990 in the light of the amendments made by section 4 of the Insolvency Act 2000 to section 388 of the Insolvency Act 1986 which defines the meaning of “act as an insolvency practitioner”. The requirements of the 1990 Regulations relating to security or caution are extended to cover cases where a person acts as a nominee in relation to a voluntary arrangement under Part I or Part VIII of the Insolvency Act 1986.
The costs to business of the commencement of the above-mentioned provisions of the Insolvency Act 2000 are detailed in the Regulatory Impact Assessment prepared for that Act. Copies of the Assessment are available from the Policy Unit, The Insolvency Service, 21 Bloomsbury Street, London WCIB 3QW
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