219. Persons disqualified for being trustees.

219.     Persons disqualified for being trustees.

Subject to one exception1, a person is disqualified for being a trustee of any trust scheme2:

  1.  

    (1)     if he has been convicted of any offence involving dishonesty or deception3;

  2.  

    (2)     if he has been made bankrupt or sequestration of his estate has been awarded and (in either case) he has not been discharged or he is the subject of a bankruptcy restrictions order or an interim bankruptcy restrictions order4;

  3.  

    (3)     if a moratorium period under a debt relief order5applies in relation to him or he is the subject of a debt