AiB Notes for Guidance for trustees

The following amendments have been made to the Notes for Guidance:
 
1  Clarification of action to be taken by trustees on receipt of claims out with the 120 day timescale
Paragraph 2.19 has been updated in the 2015 and 2016 Notes for Guidance.
 
2  Clarification of action to be taken by trustees on receipt of claims from a Local Authority for Council Tax
Paragraph 2.19.1 has been updated in the 2015 and 2016 Notes for Guidance.
 
3  Clarification of the actions of an independent trustee following the refusal of the discharge of a debtor
Paragraph 2.22 has been updated in the 2015 and 2016 Notes for Guidance.
 
4  Clarification of result of non-compliance by a third party to pay a DCO
Paragraph 4.13.6 has been updated in the 2015 and 2016 Notes for Guidance.
 
5  Clarification of the Accountant’s expectation for the timescale in making a variation to a DCO
Paragraph 4.13.7 has been updated in the 2015 and 2016 Notes for Guidance.
 
6  Correct error in current wording
Paragraph 4.13.7 has been updated in the 2015 and 2016 Notes for Guidance.
 
7  Clarify Accountant’s expectation on a valuation of a property
Paragraph 6.11 has been updated in the 2008, 2015 and 2016 Notes for Guidance.
 
8  Advise of Accountant’s expectation where a trustee is not able to carry out a proposed action on a property
Paragraph 6.11.9 has been updated in the 2008, 2015 and 2016 Notes for Guidance.
 
9  Revise wording on payment of funeral expenses
Paragraph 6.18 has been updated in the 2016 Notes for Guidance.
 
10  Clarification of the discharge of a trustee following a recall
Paragraph 6.22.7 has been updated in the 2008, 2015 and 2016 Notes for Guidance.
 
11  Suspected Offences
Paragraph 6.25.3 has been updated in the 2015 and 2016 Notes for Guidance.
 
12  Power to Cure Defect in Procedure
A new section 6.34 has been added in the 2015 and 2016 Notes for Guidance explaining the role of the Accountant in this process.
 
13  Dear Trustee Letters
All necessary amendments have been made to the 2008, 2015 and 2016 Notes for Guidance for all Dear Trustee letters issued between 23 March 2011 and 12 March 2019.
 
All documents can be located in the Notes for Guidance section of our site.
 
If you have any questions regarding these amendments please contact the Operational Policy and Compliance Team on 0300 200 2910.