Pursuant to Regulation 5(3) of the Insolvency, Restructuring and Dissolution (Insolvency Practitioners) Regulations 2020:

1. In the case of a qualified person who is a solicitor:

   The applicant must have acted as a solicitor for a creditor or debtor in relation to a bankruptcy application or administration of any bankruptcy under IRDA or under any corresponding previous law within the last 3 years before the date of the application.

2. In the case of a qualified person who is a public accountant and/or chartered accountant:

   The applicant must have acted as an insolvency practitioner or assisted another person acting as an insolvency practitioner in relation to a corporation or an individual under IRDA or any corresponding previous law.

   Applicants who have assisted another person acting as an insolvency practitioner must have done so for a minimum of 3 continuous years, of which 2 years' experience must be at a supervisory level.

For further information on the criteria to be eligible for an insolvency practitioner's licence, please click here.