s 4 Qualification or authorisation of nominees and supervisors.
(1) Part XIII of the Insolvency Act 1986 (insolvency practitioners and their qualification) is amended as follows. (2) In section 388 (meaning of “ act as insolvency practitioner ”)— (a) for subsection (1)(b) there is substituted— (b) where a voluntary arrangement in relation to the company is proposed or approved under Part I, as nominee or supervisor (b) for subsection (2)(c) there is substituted— (c) where a voluntary arrangement in relation to the individual is proposed or approved under Part VIII, as nominee or supervisor and (c) after subsection (2A) there is inserted— (2B) In relation to a voluntary arrangement proposed under Part I or VIII , a person acts as nominee if he performs any of the functions conferred on nominees under the Part in question. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .