Northern Ireland Statutory Rule SI 2006/33 United Kingdom

The Insolvency Practitioners Regulations (Northern Ireland) 2006

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Director or Officer9

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Director or Officer — also bound by 482 other Acts
Companies Act 2006 126 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.013 Records to be maintained by insolvency practitioners Regulated
  • Maintain records for each insolvency caseDirector or Officer
s.015 Inspection of records Regulated
  • Make insolvency records available for inspectionDirector or Officer
16 other provisions — procedural and definitional
s.001 Citation and commencement
s.002 Interpretation: general
s.003 Interpretation – meaning of initial and subsequent capacity
s.004 Revocations and transitional and saving provisions
s.005 Interpretation of Part
s.006 Matters for determining whether an applicant for an authorisation is a fit and proper person
s.007 Requirements as to education and training – applicants who have never previously been authorised to act as insolvency practitioners
s.008 Requirements relating to education and training etc.—applicants previously authorised to act as insolvency practitioners
s.008 Requirements relating to education and training etc—further authorisation to act as insolvency practitioners
s.009 Records of continuing professional development activities
s.010 Maximum period of authorisation
s.011 Returns by insolvency practitioners authorised by the Department
s.012 (1) Schedule 2 shall have effect in respect of the...
s.014 Notification of whereabouts of records
s.016 Inspection of practice records
s.017 Inspection of records in administration and administrative receiverships
Schedules

Schedules

7 of 33 shown
s.sch002 Retention of bond by recognised professional body or competent authority Regulated
  • Send bond or copy to recognised professional bodyDirector or Officer
s.sch002 Inspection and retention requirements relating to cover schedule Regulated
  • Retain cover schedule copies and produce them on demandDirector or Officer
s.sch002 Requirements to submit cover schedule to authorising body Regulated
  • Submit monthly cover schedule to your authorising body within 20 daysDirector or Officer
s.sch002 Requirement for bond ... Regulated
  • Maintain an approved bond when appointed as insolvency practitionerDirector or Officer
s.sch002 Terms of the bond Regulated
  • Ensure your bond meets the required terms under Schedule 2 para.3Director or Officer
s.sch002 Minimum SPS indemnity period Regulated
  • Maintain SPS indemnity cover for at least 6 years from appointmentDirector or Officer
s.sch002 Record of specific penalty sums to be maintained by insolvency practitioner Regulated
  • Maintain a record of specific penalty sums and make it available for inspectionDirector or Officer
26 other schedules
s.sch002 Interpretation
s.sch002 Requirements in respect of security
s.sch002 Subject to paragraphs 5, 6 and 7, the amount of...
s.sch002 In a case where an insolvency practitioner acts as a...
s.sch002 Where the value of the insolvent’s assets is less than...
s.sch002 Where the value of the insolvent’s assets is more than...
s.sch002 In estimating the value of an insolvent’s assets, unless he...
s.sch002 Compliance of professional liability insurance cover in another EEA state
s.sch002 Procedure for determining compliance of professional liability insurance or guarantee
s.sch002 Procedure for determining compliance of supplementary guarantee
s.sch002 Time for notification of determinations
s.sch002 Notification of determination out of time
s.sch002 Minimum run-off period
s.sch002 Interest period
s.sch002 Notification of expiry
s.sch003 Details of the insolvency practitioner acting in the case
s.sch003 Meetings (other than any final meeting of creditors)
s.sch003 Disqualification of Directors
s.sch003 Vacation of office etc
s.sch003 Distributions to creditors etc.
s.sch003 Statutory Returns
s.sch003 Time recording
s.sch003 Details of the insolvent
s.sch003 Progress of administration
s.sch003 Bonding arrangements in the case
s.sch003 Matters relating to remuneration

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.