# Insolvency Act 1986, Section 391B: Application of regulatory objectives


(1) In discharging regulatory functions, a recognised professional body must, so far as is reasonably practicable, act in a way—
(a) which is compatible with the regulatory objectives, and
(b) which the body considers most appropriate for the purpose of meeting those objectives.
(2) In discharging functions under this Part, the Secretary of State must have regard to the regulatory objectives.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/section/391B (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/section-391B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.