Paragraph 9 Record of specific penalty sums to be maintained by insolvency practitionerI1

Northern Ireland

(1)

An insolvency practitioner shall maintain a record of all specific penalty sums that are applicable in relation to any case where he is acting and such record shall contain the name of each person to whom the specific penalty sum relates and the amount of each penalty sum that is in force.

(2)

Any record maintained by an insolvency practitioner pursuant to this paragraph shall, on the giving of reasonable notice, be made available for inspection by—

(a)

any professional body recognised under Article 350 of the Order of which he is or was a member and the rules of membership of which entitle or entitled him to act as an insolvency practitioner;

F1(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c)

the Department.

F2(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1: Sch. 2 para. 9(2)(b) omitted (4.11.2022) by virtue of The Insolvency Practitioners (Amendment) Regulations (Northern Ireland) 2022 (S.R. 2022/241), regs. 1, 11(a)
F2: Sch. 2 para. 9(3)(4) omitted (31.12.2020) by virtue of The Provision of Services (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1329), regs. 1(1), 25(5); 2020 c. 1, Sch. 5 para. 1(1)

Commencement

I1: Sch. 2 para. 9 in operation at 27.3.2006, see reg. 1