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The Deregulation Act 2015 (DA 2015) made a number of amendments to the Insolvency Act 1986 (IA 1986), the Deeds of Arrangement Act 1914 (DAA 1914), and Company Directors Disqualification Act 1986 (CDDA 1986).
DA 2015, s 17, contains partial authorisation provisions which are meant to increase insolvency sector competition by reducing certain entry barriers. This is done by letting insolvency practitioners specialise in either personal or corporate insolvency, or being fully authorised to act in both.
DA 2015, Sch 6, Pt 6, simplifies the regulatory regime for insolvency practitioners and provides that the Secretary of State as sole competent authority will withdraw from the direct authorisation of insolvency practitioners after a transitional period. It also repeals a provision allowing the Secretary of State to recognise a body whose members may act as a nominee or supervisor of a voluntary arrangement under
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