R3 Policy Update: October 2025

04 November 2025

October has been another active month for R3’s Policy and Public Affairs team, with a strong focus on shaping our engagement with Government, Parliament, and key stakeholders across the insolvency and restructuring landscape. From consultation responses and technical discussions to public engagement around legislative reform, our policy work continues to ensure the profession’s expertise is reflected in policymaking that affects businesses, creditors, and individuals alike.

Influencing the Debate on Regulation and Growth

The R3 Policy Group met to consider the Government and Parliament’s ongoing calls for evidence on regulation and economic growth. The discussion focused on how the insolvency and restructuring profession can contribute to a more effective and proportionate regulatory environment—one that supports business confidence while maintaining high professional standards.

The group agreed to lead on R3’s response, working collaboratively with other member-led committees including the Fraud and Asset Recovery Group, the General Technical Committee, and the Smaller Practice Group. This joined-up approach will ensure that our submission reflects the full breadth of expertise and experience across R3’s membership.

Members also discussed the potential for further work on corporate moratoriums, and reviewed the successful outcome of R3’s submission to the recent judicial consultation on the Practice Statement for Restructuring Plans and Schemes of Arrangement—an area where the profession’s voice has proven influential.

Progress on Restructuring Plans

Following that consultation, the Restructuring Plan Subgroup met to map out its future programme of work. The group is now focusing on how R3 can engage more deeply with stakeholders across the profession to improve the effectiveness and accessibility of Restructuring Plans.

Key priorities include developing educational materials for members, exploring practical reforms that could make the process fairer for all parties, and ensuring that the judiciary and policymakers understand the vital role RPs play in preserving viable businesses and safeguarding jobs.

Tackling Fraud and Supporting Asset Recovery

R3’s Fraud and Asset Recovery Group also met this month to review recent engagement with MPs and Treasury officials. The Group discussed ongoing challenges around enforcement, cross-agency coordination, and the need for clearer policy frameworks to help insolvency professionals combat economic crime. The meeting also welcomed a new member, strengthening the Group’s capacity to provide expert input into this fast-moving area of policy.

Personal Insolvency Framework Review

Elsewhere, R3’s Personal Insolvency Committee met with the Insolvency Service to discuss the ongoing review of the personal insolvency framework. The meeting provided an opportunity for open discussion between officials and practitioners on how a new framework could balance accessibility, creditor fairness, and the realities of personal debt in today’s economy.

Raising the Profession’s Profile

Finally, R3’s Policy and Public Affairs Manager, Ceara Roopchand, presented a short video outside Parliament to promote our engagement on the Employment Rights Bill. The video outlined R3’s work with Ministers on proposed changes to collective redundancy processes and highlighted how insolvency practitioners play a vital role in protecting value and helping employees when businesses face financial distress. You can view the video here.