809.This section sets out that the Secretary of State may make regulations designating an existing body as the single regulator if the body is able and willing and it has arrangements in place for its functions to be exercised effectively. It sets out in what circumstances an existing body may become the single regulator and what the Secretary of State must do to make this designation.
Commentary on Sections Power to establish single regulator of insolvency practitioners Section 145: Regulations under section 144: designation of existing body