Regulation 3 Amendments to Regulation 13

For regulation 13(1) substitute—

“(1)

In respect of each case in which an insolvency practitioner acts, the insolvency practitioner shall maintain records containing information sufficient to show and explain—

(a)

the administration of that case by the insolvency practitioner and the insolvency practitioner’s staff; and

(b)

any decisions made by the insolvency practitioner which materially affect that case.”

In regulation 13(2) substitute “paragraph (1)” for “Schedule (3) as is applicable to the case”.

Regulations 13(3) and (4) are revoked.