Review of the Regulation of Insolvency Practitioners

The UK Insolvency Service has issued a Call for Evidence which aims to gather views on the current regulatory framework for insolvency practitioners. The Call for Evidence document seeks views on a number of areas and also looks to assess the impact of statutory Regulatory Objectives for the insolvency profession, introduced by The Small Business Enterprise and Employment Act 2015 (SBEEA 2015) in October 2015.

The Call for Evidence paper seeks responses to questions on three key areas:

  •  Impact of the Regulatory Objectives;
  •  Confidence in the current regulatory framework, and
  •  Suggestions for a new/alternative regulatory framework, including a single regulator.

Your responses will help inform the UK Government whether there is need for a further consultation on a single regulator or alternative options to amend the regulatory framework.

The Insolvency Service would welcome your views and responses as part of this evidence gathering process.

If you wish to read more about the Call for Evidence and submit your views, you can do this here:

Call for evidence: regulation of insolvency practitioners review of current regulatory landscape

Responses are sought by 4th October 2019.

General enquiries about the Call for Evidence can be sent to the Insolvency Service at: IPregulation.Review@insolvency.gov.uk