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Call for evidence on insolvency practitioner regulation 16/07/2019 The Government is seeking views on the impact of the regulatory objectives introduced for the insolvency profession in 2015.

Call for evidence on insolvency practitioner regulation

The Government has launched a call for evidence and is seeking views on the impact of the regulatory objectives introduced for the insolvency profession in 2015.

Stakeholders are also being asked to assess whether there would be potential benefits in making changes to the current system, including establishing a single regulator for insolvency practitioners.

Responses are welcome from insolvency practitioners, Recognised Professional Bodies, trade bodies, creditors and their representatives, debt charities, and other interested parties.

Any proposals emerging from this call for evidence would be subject to further consultation.

“Insolvency is an important part of a dynamic economy and having an accountable and well regulated insolvency profession is absolutely vital to ensure creditors and members of the public have confidence in the system,” said Sarah Albon, Chief Executive of the Insolvency Service. “We welcome responses that can give us evidence on how the current system is working, including any suggestions stakeholders may have on how we can improve the regulatory framework.”

The Call for Evidence can be found here.

 

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