“Act as insolvency practitioner”N.I.
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
[F1(b)where a voluntary arrangement in relation to the company is proposed or approved under Part II, as nominee or supervisor.]
(2 )F2 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
[F1(c)where a voluntary arrangement in relation to the individual is proposed or approved under Part VIII, as nominee or supervisor;]
(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.
[F3(3 )F2 A person acts as an insolvency practitioner in relation to an insolvent partnership by acting—
(a)as its liquidator, provisional liquidator or administrator, or
(b)as trustee of the partnership under Article 11 of the Insolvent Partnerships Order (Northern Ireland) 1995, or
[F4(c)where a voluntary arrangement in relation to the insolvent partnership is proposed or approved under Part II, as nominee or supervisor.]]
[F1(3A) In relation to a voluntary arrangement proposed under Part II or VIII, a person acts as nominee if he performs any of the functions conferred on nominees under the Part in question.]
(4 )F2 In this Article—
“administrative receiver” has the meaning given by Article 5(1);
[F5“company” means—
(a)a company registered under the Companies Act 2006 in Northern Ireland, or
(b)a company that may be wound up under Part 6 of this Order (unregistered companies).]
(5) Nothing in this Article applies to anything done by the official receiver.
[F6(6) Nothing in this Article applies to anything done (whether in the United Kingdom or elsewhere) in relation to insolvency proceedings under the EC Regulation in a member State other than the United Kingdom.]
F2mod. by SR 2004/307
F3SR 1995/225
F4SR 2003/550
F5Art. 3(4): definition of "company" substituted (1.10.2009) by Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), arts. 2(1), 8, Sch. 1 para. 106(4) (with art. 10)
F6SR 2002/334
Modifications etc. (not altering text)
C1Art. 3 excluded (12.4.2007) by Cross-Border Insolvency Regulations (Northern Ireland) 2007 (S.R. 2007/115), reg. 7