A mention in the House of Commons, work on our response to the personal insolvency framework review and continued media interest in the profession and its work have kept R3's PPP team busy in October.

The start of Autumn has been busy for R3’s PPP team, with the launch of a new fraud paper, work to source member feedback on the personal insolvency framework and the publication of a new bill to help tackle economic crime.

In the final summer month, R3’s Press, Policy and Public Affairs team were busy preparing for a number of upcoming legislative changes, Bills and a new fraud paper – all of which are due in the coming weeks and months.

In late December 2021, the Government issued a consultation into insolvency reforms. In this blog, we summarise the 26-page consultation response we submitted in response, highlighting our main questions and concerns.

Spring has brought a wave of new beginnings for R3, with a new President in office and planning for our first in-person Annual Conference in three years in full swing.

As we move into the spring season, the news and public affairs agenda continues to be full, with the submission of R3’s response to the Government’s insolvency regulation consultation, the launch of a new paper to tackle insolvency fee misconceptions and a new guide for people in Scotland worried about their finances just some of the areas the Press, Policy and Public Affairs team has worked on this month.

These, coupled with continued work to give the profession a voice on key issues in the media has meant March was a busy month for the Press, Policy and Public Affair’s team.

February may be the shortest month of the year, but that does not make it the quietest. With work on R3’s response to the Government’s insolvency regulation consultation, a new paper to help tackle misconceptions around insolvency fees and continued engagement with parliamentarians on the importance of Companies House reform, R3’s Press, Policy and Public Affairs team has been working hard to make sure the voice of the profession is heard on key issues.

The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act, which received Royal Assent in December 2021 gives the Insolvency Service a significant new power to investigate former directors of dissolved companies where it believes these directors are responsible for wrongdoing.

On 21 December 2021, the Government published ‘The Future of Insolvency Regulation’, a consultation setting out new proposals to “strengthen, reform and simplify” insolvency regulation. The proposed changes in the consultation document amount to an overhaul of insolvency regulation and will have a significant impact on the insolvency profession and how it works.

Here's everything you need to know about the proposed regulation changes...

R3's parliamentary engagement led to the profession's views being raised over 20 times during debates in both the House of Commons and House of Lords, with the key mentions included in the video within this post.