Cap. 632 Art. 5Designation of insolvency practitioner.

(1) An insolvency practitioner shall be entitled to use the designation "insolvency practitioner" and the abbreviation "IP".

(2) Any person who, not being an insolvency practitioner, assumes the title or designation of "insolvency practitioner" or its abbreviation "IP", or in any other manner falsely indicates entitlement to exercise the functions of an insolvency practitioner in Malta, shall be guilty of an offence and shall, on conviction, be liable for each offence to a fine (multa) not exceeding two thousand and three hundred euro (€2,300) and in respect of a second or subsequent offence to imprisonment for not more than three (3) months or to both such fine and imprisonment:

Provided that the use on any card, letterhead, sign, board, plate, or other written, printed or engraved device, instrument or document, of the words "insolvency practitioner" or the abbreviation "IP", whether in the singular or plural form, in relation to a name, shall be sufficient evidence of the knowledge of such use by the person in relation to whose name the said words or abbreviations are used, unless such person proves that the use was made without his knowledge and that, upon becoming aware of the use, he took adequate steps to stop it.