Which of the following is NOT a function of an insolvency professional agency under section 204?
Section 204 lists the functions of an insolvency professional agency, including granting membership, laying down standards of professional conduct, monitoring members,…
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Which of the following is NOT a function of an insolvency professional agency under section 204?
Answer and explanation
Correct answer B
Section 204 lists the functions of an insolvency professional agency, including granting membership, laying down standards of professional conduct, monitoring members, suspending or cancelling membership, and "redress the grievances of consumers against insolvency professionals who are its members". "Registering information utilities" is a function of the Board under sections 196(1)(a) and 210. An agency's bye-laws must be consistent with the Board's model bye-laws under section 205.
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