[391C Meaning of “regulatory functions” and “regulatory objectives”]

[391C  Meaning of “regulatory functions” and “regulatory objectives”]

[(1)     This section has effect for the purposes of this Part.

(2)     “Regulatory functions”, in relation to a recognised professional body, means any functions the body has—

(a)     under or in relation to its arrangements for or in connection with—

(i)     authorising persons to act as insolvency practitioners, or

(ii)     regulating

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