Closed consultation

Changes to insolvency law to reduce unnecessary regulation and simplify procedures

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Original consultation

This consultation ran from to

Summary

This consultation relates to regulations affecting insolvency practitioners (IPs), the practice of insolvency and the reporting duties of IPs on the conduct of directors.

Documents

Red Tape Challenge - changes to insolvency law to reduce unnecessary regulation and simplify procedures

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Impact Assessment: technical changes to IP regulations and the appointment

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Impact Assessment: Changes to the law governing insolvency proceedings

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Consultation description

The proposals contained in this consultation form part of the response to the Government’s ‘Red Tape Challenge’ agenda, and relate to regulations affecting insolvency practitioners (IPs), the practice of insolvency and the reporting duties of IPs on the conduct of directors.

Three broad themes have been established, and each theme is dealt with separately in this consultation:

  • Part 1 - Technical changes to regulations affecting IPs.
  • Part 2 - Changes to the law governing insolvency proceedings.
  • Part 3 – Proposals to change how IPs report director misconduct.