Regulation 5 Amendments to 1990 Regulations

in sub-paragraph (1)(b) there shall be substituted for the words “there is issued under that bond as soon as reasonably possible after the appointment of the practitioner a certificate of” the words “there is in force in relation to that bond with effect from the time when an insolvency practitioner is appointed to act in relation to any person a”;

in sub-paragraph (1)(c) there shall be deleted after the word “current” the words “certificate of” and there shall be substituted for the words “issued forthwith a further certificate of specific penalty in respect of the practitioner” the words “obtained by the practitioner a further specific penalty in respect of his”;

in paragraph (2) there shall be deleted the words “certificate of”, for the words “the certificate” there shall be substituted the words “the specific penalty” and for the word “issued” there shall be substituted the word “obtained”.