UK Statutory Instrument
2005
United Kingdom
Insolvency Practitioners Regulations 2005
At a glance
Enforced by
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 39 other Schedules — structural / supplementary
Interpretation
Retention of bond by recognised professional body or competent authority
Inspection and retention requirements relating to cover schedule – England and Wales
Inspection and retention requirements relating to the cover schedule– Scotland
Requirements to submit cover schedule to authorising body
Requirements in respect of security or caution
Requirement for bond ...
Terms of the bond
Subject to paragraphs 5, 6 and 7, the amount of...
In a case where an insolvency practitioner acts as a...
Where the value of the insolvent's assets is less than...
Where the value of the insolvent's assets is more than...
In estimating the value of an insolvent's assets, unless he...
Compliance of professional liability insurance cover in another EEA state
Procedure for determining compliance of professional liability insurance or guarantee
Procedure for determining compliance of supplementary guarantee
Time for notification of determinations
Notification of determination out of time
Minimum run-off period
Interest period
Minimum SPS indemnity period
Notification of expiry
Record of specific penalty sums to be maintained by insolvency practitioner
Details of the insolvency practitioner acting in the case
Meetings (other than any final meeting of creditors)
Disqualification of Directors
Vacation of office etc.
Distributions to creditors etc.
Statutory Returns
Time recording
The identifying number or reference issued to the insolvency practitioner...
The principal business address of the insolvency practitioner.
Either— (a) the name of— (i) any body by virtue...
Details of the insolvent
The type of the insolvency proceedings.
Progress of administration
Bonding arrangements in the case
Matters relating to remuneration
Browse 22 other sections — procedural / definitional / commencement
Citation and commencement.
Interpretation: general
Interpretation - meaning of initial and subsequent capacity
Revocations and transitional and saving provisions
Interpretation of Part
Matters for determining whether an applicant for an authorisation is a fit and proper person
Requirements as to education and training – applicants who have never previously been authorised to act as insolvency practitioners
Requirements relating to education and training etc. – applicants previously authorised to act as insolvency practitioners
Requirements relating to education and training etc. – further authorisation to act as insolvency practitioners
Minimum run-off period
Interest period
Minimum SPS indemnity period
Notification of expiry
Records of continuing professional development activities
Maximum period of authorisation
Returns by insolvency practitioners authorised by the Secretary of State
(1) Schedule 2 shall have effect in respect of the...
Records to be maintained by insolvency practitioners
Notification of whereabouts of records
Inspection of records
Inspection of practice records
Inspection of records in administration and administrative receiverships
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
The Insolvency Service
Administers compulsory company liquidations and personal bankruptcies. Investigates director misconduct and can seek disqualification orders. Manages redundancy payments from the National Insurance …
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Regulators
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