# The Insolvency Practitioners Regulations 1990, Regulation 13: Exceptions in relation to requirements for security or caution


Where an insolvency practitioner who is appointed to be:–
(a) provisional liquidator in the winding up by the court of a company is subsequently appointed to be liquidator of that company; or
(b) liquidator in a voluntary winding up of a company is subsequently appointed to be liquidator in the winding up of that company by the court; or
(c) interim trustee in the sequestration of the estate of any person is subsequently appointed to be permanent trustee in the sequestration of the estate of that person; or
(d) an administrator of a company is subsequently appointed to be a liquidator of that company pursuant to section 140 of the Act;
and a certificate of specific penalty is issued under regulation 12(1) in respect of the earlier or earliest such appointment, it shall not be necessary for such a certificate to be issued in respect of the subsequent appointment of the practitioner in any of those circumstances.

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Source: https://www.legislation.gov.uk/uksi/1990/439/regulation/13 (the official version)
Page: https://openlegislation.uk/insolvency-practitioners-regulations-1990/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.