GDPR—FAQs for Insolvency Practitioners
Published by a LexisNexis Restructuring & Insolvency expert
Last updated on 15/10/2019

The following Restructuring & Insolvency practice note provides comprehensive and up to date legal information covering:

  • GDPR—FAQs for Insolvency Practitioners
  • FAQs for Insolvency Practitioners
  • What changes do I need to make to my appointment notices for the GDPR?
  • Is there anything I particularly need to consider in relation to employees?
  • What steps do I need to consider before appointment?
  • What do I need to do post-appointment?
  • What do I need to do if I’m trading a business?
  • What about the company’s books and records?
  • What do I need to think about when employing third parties?
  • Can I still maintain an interested party database?
  • More...

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: Brexit—implications for data protection

FAQs for Insolvency Practitioners

These FAQs were drafted by Allison Broad at the Institute of Chartered Accountants in England and Wales (ICAEW) with contributions from Caroline Sumner at R3 and staff at the ICAEW, Institute of Chartered Accounts Scotland (ICAS) and the Association of Chartered Certified Accountants (ACCA) to provide guidance jointly for members of the ICAEW, the Insolvency Practitioners Association (IPA), ICAS, the ACCA, Chartered Accountants Ireland and R3. Originally posted on 29 May 2018, these FAQs set out some key issues for insolvency practitioners (IPs) to consider when looking at their obligations under the General Data Protection Regulation (GDPR).

Since the FAQs were originally drafted, the ACCA has ceased to be a recognised professional body for IPs.

What changes do I need to make to my appointment notices for the GDPR?

Post 25 May 2018 your appointment notices need to include a privacy notice. A privacy notice

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