{
  "url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/article-350B",
  "json_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/article-350B.json",
  "legislation": "nisi/1989/2405",
  "legislation_title": "The Insolvency (Northern Ireland) Order 1989",
  "legislation_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989",
  "path": "article/350B",
  "kind": "article",
  "number": "350B",
  "heading": "Application of regulatory objectives",
  "text": "(1) In discharging regulatory functions, a recognised professional body must, so far as is reasonably practicable, act in a way—\n(a) which is compatible with the regulatory objectives; and\n(b) which the body considers most appropriate for the purpose of meeting those objectives.\n(2) In discharging functions under this Part, the Department must have regard to the regulatory objectives.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Arts. 350B-350C and cross-heading inserted (1.4.2016) by Insolvency (Amendment) Act (Northern Ireland) 2016 (c. 2), ss. 15(1), 28(2); S.R. 2016/203, art. 2"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Arts. 349-350T applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1989/2405/article/350B",
    "retrieved_at": "2026-10-29T04:47:04.938020+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."
}