§ Amendments made:
§ No. 5, in page 2, line 32 leave out from beginning to end of line 5 on page 3 and insert—
§ '(2) A person is not qualified to act as an insolvency practitioner at any time unless, at that time—
- (a) he is authorised to act as an insolvency practitioner by virtue of section [Authorisation of members of recognised professional bodies] below; or
- (b) he holds an authorisation granted under section [Grant, refusal and withdrawal of authorisation] below.
§ (3) A person is not qualified to act as an insolvency practitioner in relation to another person at any time unless—
- (a) there is in force at that time security or, in Scotland, caution for the proper performance of his functions; and
- (b) that security or caution meets the prescribed requirements with respect to his so acting in relation to that other person.
§ (4) A person is not qualified to act as an insolvency practitioner at any time if, at that time—
- (a) he has been adjudged bankrupt or sequestration of his estate has been awarded and (in either case) he has not been discharged;'.
§
No. 6, in page 3, line 8 at end insert
'or
(c) he is a patient within the meaning of Part VII of the Mental Health Act 1983 or section 125(1) of the Mental Health (Scotland) Act 1984.'.
§ No. 7, in page 3, line 9, leave out Clause 3.
§ No. 8, in page 3, line 19, leave out Clause 4.
§ No. 9. in page 4, line 17, leave out Clause 5.—[Mr. Fletcher.]