Voluntary arrangementsN.I.

Qualification or authorisation of nominees and supervisorsN.I.

6.—(1) In Article 3 of the Insolvency Order (meaning of “act as insolvency practitioner”)—

(a)for paragraph (1)(b) there shall be substituted—

“(b)where a voluntary arrangement in relation to the company is proposed or approved under Part II, as nominee or supervisor.” ;

(b)for paragraph (2)(c) there shall be substituted—

“(c)where a voluntary arrangement in relation to the individual is proposed or approved under Part VIII, as nominee or supervisor;” ; and

(c)after paragraph (3) there shall be inserted—

“(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.” .

F1(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .