138 Regulatory objectives
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

138  Regulatory objectives

(1)     After section 391A of the Insolvency Act 1986 (inserted by section 137) insert—

“Regulatory objectives

391B Application of regulatory objectives

(1)     In discharging regulatory functions, a recognised professional body must, so far as is reasonably practicable, act in a way—

(a)     which is compatible with the regulatory objectives, and

(b)     which the body considers most appropriate for the purpose of meeting those objectives.

(2)     In discharging functions under this Part, the Secretary of State must have regard to the regulatory objectives.

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