The Insolvency Service has published the outcome of its review conducted into the impact of the voluntary industry measures introduced in November 2015, which aimed to improve the transparency of connected party pre-pack sales in administration. Following the assessment, the Insolvency Service has published draft regulations which are intended to be laid before Parliament. David Kerr, of David Kerr Consulting Ltd, comments on the proposed regulations, which he says intend to ‘tighten up on regulation of the pre-pack process—in particular, where the sale of a business is to a connected person’.