Regulation 5 Education and training and experience

(1)

The requirements with respect to education and practical training and experience which are prescribed for the purposes of section 393(2)(b) of the Act are set out in regulations 6, 7 and 8 below which shall apply to applicants for authorisation as specified in this regulation.

(2)

Regulation 6 shall apply to all applicants other than an applicant who:–

(a)

was born on or before 15 December 1951; or

(b)

at the relevant time is the holder of an authorisation.

(3)

Regulations 7 and 8 shall apply to all applicants other than an applicant who at the relevant time:–

(a)

is the holder of an authorisation; and

(b)

(i)

has been appointed an office-holder in at least one case under the law of England and Wales or Scotland; or

(ii)

has acquired not less than 500 hours of higher insolvency work experience; within the period of three years immediately prior to the relevant time and in determining whether an applicant falls within this sub-paragraph the provisions of regulation 8(2) below shall apply.