6.—(1) The applicant must, before a certificate is issued—
(a)lodge in court by way of bond security totalling £10,000; or
(b)satisfy the judge that security totalling that amount is already subsisting by way of bond.
(2) The security must be retained once the certificate has been issued for the purpose of securing the certificated person’s duties as an enforcement agent and the payment of any reasonable costs, fees and expenses incurred in the investigation of any complaint made to the court against the certificated person in the capacity of an enforcement agent.
(3) The certificated person must maintain the security throughout the duration of the certificate.
(4) If at any time during the duration of the certificate the security no longer exists, or is reduced in value so it totals less than £10,000, the certificated person must, by such time as the court may direct, provide fresh security to the satisfaction of the court.
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