# The Insolvency (Amendment) Regulations 1988, Paragraph 5: Insertion of regulation 12A


After regulation 12 there shall be inserted the following regulation:—
“Production and inspection of records
12A (1) The responsible insolvency practitioner shall produce on demand to the Secretary of State, and allow him to inspect, any accounts, books and other records kept by the responsible insolvency practitioner, and this duty to produce and inspect shall extend—
(a) to production and inspection at the premises of the responsible insolvency practitioner; and
(b) to production and inspection of any financial records of the kind described in regulation 9(1)(b) above prepared by the responsible insolvency practitioner before 7th November 1988 and kept by him;
and any such demand may—
(i) require the responsible insolvency practitioner to produce any such accounts, books or other records to the Secretary of State, and allow him to inspect them—
(A) at the same time as any account is sent to the Secretary of State under regulation 12(1) or (2B) above; or
(B) at any time after such an account is sent to the Secretary of State;
whether or not the Secretary of State requires the account to be audited; or
(ii) where it is made for the purpose of ascertaining whether the provisions of these Regulations relating to the handling of moneys received by the responsible insolvency practitioner in the course of carrying out his functions have been or are likely to be complied with, be made at any time, whether or not an account has been sent or should have been sent to the Secretary of State under regulation 12(1) or (2B) above and whether or not the Secretary of State has required any account to be audited.
(2) The responsible insolvency practitioner shall allow the Secretary of State on demand to remove, and take copies of, any accounts, books and other records kept by the responsible insolvency practitioner, whether or not they are kept at the premises of the responsible insolvency practitioner.”.

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Source: https://www.legislation.gov.uk/uksi/1988/1739/schedule/paragraph/5 (the official version)
Page: https://openlegislation.uk/insolvency-amendment-regulations-1988/schedule/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.