Licensed insolvency practitioner not to act under certain circumstances
55.  A licensed insolvency practitioner must not act as an insolvency practitioner at any time when the licensee —
(a)has been adjudged a bankrupt and has not been discharged from bankruptcy;
(b)is subject to a disqualification order made under section 149 of the Companies Act 1967;
(c)is subject to a debt repayment scheme under Part 15;
(d)is subject to a voluntary arrangement under Part 14; or
(e)is subject to any procedure, order, scheme or arrangement under the laws of any foreign country similar to those mentioned in paragraphs (a) to (d).