§ 157 Clause 68, page 66, leave out lines 1 and 2.
§
158 Page 66, line 20, at end insert—
' " qualified to act as an insolvency practitioner" means being, in accordance with section 2 of the Insolvency Act 1985 (qualifications of insolvency practitioners), so qualified:
Provided that, until the coming into force of that section, the expression shall instead mean satisfying such requirements (which, without prejudice to the generality of this definition, may include requirements as to the finding of caution) as may be prescribed for the purposes of this Act'.
§
173 Schedule 2, page 72, line 7, at end insert—
'. Section 24(2) shall, in so far as it relates to qualifications for continuing to act as permanent trustee, apply to a permanent trustee appointed, as it applies to one elected, under this Act.'.
§ All these amendments are concerned with the qualifications of insolvency practitioners. It is intended that there should eventually be one system 648 for determining who are qualified to act as insolvency practitioners in connection with corporate insolvencies and bankruptcies throughout Great Britain. Part I of the Insolvency Bill makes provision for such a system. The Insolvency Bill will be coming to your Lordships' House next week.
§ However, Part I of that Bill is unlikely to be brought into force until some time after 1st April 1986, when, as I have already mentioned, it is proposed to commence most of this Bill. These amendments therefore enable the Secretary of State to prescribe the qualifications which require to be possessed by persons who wish to act as insolvency practitioners under the Bankruptcy (Scotland) Bill during the interim period before the commencement of Part I of the Insolvency Bill. I beg to move.
§ Moved, That this House do agree with the Commons in the said amendment.—(Lord Cameron of Lochbroom.)
§ On Question, Motion agreed to.