{
  "url": "https://openlegislation.uk/insolvency-amendment-regulations-1988/schedule/paragraph-2",
  "json_url": "https://openlegislation.uk/insolvency-amendment-regulations-1988/schedule/paragraph-2.json",
  "legislation": "uksi/1988/1739",
  "legislation_title": "The Insolvency (Amendment) Regulations 1988",
  "legislation_url": "https://openlegislation.uk/insolvency-amendment-regulations-1988",
  "path": "schedule/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Amendment of regulation 9",
  "text": "(1) For paragraph (1) of regulation 9 there shall be substituted the following:—\n“(1) The responsible insolvency practitioner shall prepare and keep—\n(a) separate financial records in respect of each insolvent; and\n(b) such other financial records as are required to explain the receipts and payments entered in the records described in subparagraph (a) above or regulation 10 below, including an explanation of the source of any receipts and the destination of any payments;\nand shall, subject to regulation 10 below as to trading accounts, from day to day enter in those records all the receipts and payments made by him.\n(1A) The responsible insolvency practitioner shall obtain and keep bank statements relating to any local bank account in the name of the insolvent.”.\n(2) In paragraph (2) of regulation 9 after the words “Regulation 12(1)” there shall be inserted the words “or 12(2B)”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/1739/schedule/paragraph/2",
    "retrieved_at": "2026-10-29T15:56:55.223845+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}