Part XXIV

Insolvency

Bankruptcy

Insolvency practitioner’s duty to report to Authority
373
1
If—
a
a bankruptcy order or sequestration award is in force in relation to an individual by virtue of a petition presented by a person other than the Authority, and
b
it appears to the insolvency practitioner that the individual is carrying on, or has carried on, a regulated activity in contravention of the general prohibition,
the insolvency practitioner must report the matter to the Authority without delay.
2
“Bankruptcy order” means a bankruptcy order under Part IX of the 1986 Act (or Part IX of the 1989 Order).
3
“Sequestration award” means an award of sequestration under section 12 of the 1985 Act.
4
“Individual” includes an entity mentioned in section 374(1)(c).