The Future of Insolvency Regulation: Presentation from The Insolvency Service
LIVE VIRTUAL EVENT - Open to R3 members and non-members alike, this live webinar will see senior Insolvency Service representatives discuss in-depth the Government’s ‘the future of insolvency regulation’ consultation and take questions from attendees.
The ‘future of insolvency regulation’ consultation, which sets out proposals to radically change the regulatory framework for insolvency, was published in December last year and has been long awaited by the profession. In this live session, we welcome Paul Bannister, Head of Policy at the Insolvency Service, who will set out in more detail what the proposals contain and the rationale behind them.
As we set out in this blog post, the Government’s consultation contains five key reforms to the framework which, as the Insolvency Minister has acknowledged, represent a “sea change” in how the profession is regulated:
1. A single “independent” government regulator of insolvency practitioners (IPs), sitting within the Insolvency Service.
2. Statutory regulation of all firms offering insolvency services, in addition to the existing regulation of individual IPs.
3. A register of authorised IPs and firms offering insolvency services.
4. A formal compensation scheme.
5. Limited reforms to the IP bonding regime.
There will be a live Q&A at the end of the session, so don’t miss this opportunity to find out more about the Government’s proposals directly from senior Insolvency Service officials.
This webinar will be free to R3 members and non-members alike, and we encourage any interested parties to sign-up to hear more about this hugely important set of reforms for the profession.
Paul Bannister, Head of Policy, The Insolvency Service - view bio
Catherine Newell, Senior Policy Advisor, The Insolvency Service - view bio
Helen Jeffery, Senior Policy Advisor, The Insolvency Service - view bio
Ann Newson, Senior Policy Advisor, The Insolvency Service - view bio
Chair: James Jeffreys, Head of External Affairs - view bio
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