Grant of in-principle approval.

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....APTER IV IN-PRINCIPLE APPROVAL Grant of in-principle approval. 10. (1) Any person who seeks to establish an insolvency professional agency may make an application for an in- principle approva....

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....or grant of registration under Regulation 5(1), it may grant in-principle approval which shall be valid for a period not exceeding one year and be subject to such conditions as it deems fit. (3)....