(1) A person acts as an insolvency practitioner in relation to a company by acting—
(a) as its liquidator, provisional liquidator, administrator[, administrative receiver or monitor], or
[(b) where a voluntary arrangement in relation to the company is proposed or approved under Part I, as nominee or supervisor].
(2) A person acts as an insolvency practitioner in relation to an individual by acting—
(a) as his trustee in bankruptcy or interim receiver of his property or as [trustee (or interim trustee)] in the sequestration of his estate; or
(b) as trustee under a deed which is . . ., in Scotland, a trust deed for his creditors; or
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