388 Meaning of “act as insolvency practitioner”

Part XIII Insolvency Practitioners and their Qualification

Restrictions on unqualified persons acting as liquidator, trustee in bankruptcy, etc

388  Meaning of “act as insolvency practitioner”

(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

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