Insolvency Practitioners Regulation Bill

  • enacted

Ongoing competence requirements

26 Ongoing competence requirements

(1)

An accredited body must, in accordance with any requirements prescribed under section 34(1)(c),—

(a)

require its members who are licensed insolvency practitioners to complete competence programmes to maintain their ongoing competence; and

(b)

otherwise promote, monitor, and review the ongoing competence of its members who are licensed insolvency practitioners.

(2)

A member who is a licensed insolvency practitioner must comply with the requirements under subsection (1)(a).

(3)

A competence programme may require a member who is a licensed insolvency practitioner to do 1 or more of the following, within the period, or at the intervals, prescribed in the programme:

(a)

pass an examination or assessment (or both):

(b)

complete a period of practical training:

(c)

complete a period of practical experience:

(d)

undertake a course of studies:

(e)

anything else that the accredited body considers appropriate.

Compare: 2011 No 21 s 18