754. Insolvency Rules Committee.

The Insolvency Rules Committee1 continues to exist for the purposes of being consulted by the Lord Chancellor before he makes rules2. The committee must consist of:

  1.  

    (1)     a judge of the High Court attached to the Chancery Division;

  2.  

    (2)     a circuit judge;

  3.  

    (3)     an Insolvency and Companies Court Judge;

  4.  

    (4)     a district judge;

  5.  

    (5)     a practising barrister;

  6.  

    (6)     a practising solicitor; and

  7.  

    (7)     a practising accountant3.

The Lord Chief Justice must appoint the persons referred to in heads (1) to (4) above, after consulting the Lord Chancellor; and the Lord Chancellor must appoint the persons referred to in heads (5)

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