39. Insolvency practitioners.

(3)     Insolvency Practitioners

39.     Insolvency practitioners.

The Insolvency Act 1986 introduced a system of licensing to ensure the professional competence and skill of insolvency practitioners in individual and corporate insolvency1. A person who is not an individual is not qualified to act as an insolvency practitioner2; nor is he qualified so to act if he is subject to one of the statutory exceptions3.

A person is not qualified to act as an insolvency practitioner unless at that time:

  1.  

    (1)     he is authorised by virtue of membership of a recognised professional body4;

  2.  

    (2)     there is in force