# The Licence Transfer (Prescribed Persons) (Scotland) Regulations 2007, Regulation 5: Insolvency


In respect of the occurrence of an event specified in paragraph (b), the person who may apply is any person acting as insolvency practitioner (within the meaning of section 388 of the Insolvency Act 1986) in relation to the licence holder.

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Source: https://www.legislation.gov.uk/ssi/2007/34/regulation/5 (the official version)
Page: https://openlegislation.uk/licence-transfer-prescribed-persons-scotland-regulations-2007/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.