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The Insolvency Practitioners Regulations 2005

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This is the original version (as it was originally made).

Record of specific penalty sums to be maintained by insolvency practitioner

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9.—(1) An insolvency practitioner shall maintain a record of all specific penalty sums that are applicable in relation to any case where he is acting and such record shall contain the name of each person to whom the specific penalty sum relates and the amount of each penalty sum that is in force.

(2) Any record maintained by an insolvency practitioner pursuant to this paragraph shall, on the giving of reasonable notice, be made available for inspection by—

(a)any professional body recognised under section 391 of the Act of which he is or was a member and the rules of membership of which entitle or entitled him to act as an insolvency practitioner;

(b)any competent authority by whom the insolvency practitioner is or was authorised to act pursuant to section 393 of the Act; and

(c)the Secretary of State.

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