'Dear IP' delivers good news for insolvency practitioners

'Dear IP' delivers good news for insolvency practitioners

Alison Curry, head of regulatory standards at the Insolvency Practitioners Association, explores the implications of the new exclusion contained in the latest 'Dear IP' newsletter.

Original news

Dear IP Issue 61 March 2014

In your view what does the new regulation actually mean?

For insolvency practitioners, the new exclusion is very good news indeed and means that most will not need dual regulation--either when taking an appointment or in order to advise a debtor who may be considering a formal insolvency scheme. The broad exclusion for insolvency office holders also clears up a number of historic question marks about when an insolvency practitioner might need to be concerned about Financial Conduct Authority (FCA) regulation when administering an estate (for example, a liquidator collecting a company's book debts, which was a bit of a grey area in the past).

 Which insolvency practitioner might this affect primarily?

All insolvency practitioners wi

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