# The Personal Equity Plan Regulations 1989, Regulation 15: Plan manager ceasing to qualify


A person shall cease to qualify as a plan manager and shall notify the Board forthwith of that fact where–
(a) the person no longer fulfils the conditions of regulation 11;
(b) in the case of an individual, he becomes bankrupt or, in Scotland, his estate is sequestrated, or makes any arrangement or composition with his creditors generally; or
(c) in the case of a company a resolution has been passed or a petition has been presented to wind it up.

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Source: https://www.legislation.gov.uk/uksi/1989/469/regulation/15 (the official version)
Page: https://openlegislation.uk/personal-equity-plan-regulations-1989/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.