an insolvency professional who is either authorised by the Secretary of State for Trade and Industry or licensed by a recognised professional bodies. Various important insolvency functions are restricted by relevant legislation to licensed insolvency practitioners.
An authorised person who specialises in insolvency. They are authorised by the Secretary of State or by a recognised body (normally accountants/solicitors).
Person authorised by one of the chartered accountancy bodies, the Law Societies, The Insolvency Practitioners Association or the Department of Trade. The only person who may act as office holder in an insolvency proceeding.