The Insolvency Practitioners Association (IPA) – Monitoring Report 2020
The Insolvency Service has overall responsibility on behalf of the Secretary of State for ensuring that the activities of the regulatory bodies that authorise and licence insolvency practitioners.
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The Insolvency Service has overall responsibility on behalf of the Secretary of State for Business, Energy and Industrial Strategy for ensuring that the activities of the Recognised Professional Bodies that authorise and license insolvency practitioners are in line with the regulatory objectives set out in Part 13 of the Insolvency Act 1986. Those objectives include having a system of regulating insolvency practitioners that secures fair treatment and ensures consistent outcomes, maximises returns to creditors, and protects and promotes the public interest.
This report presents the findings of a monitoring visit to the IPA, which took place between January and May 2020. The annexes to this report include information provided by the IPA prior to the visits and the IPA’s responses to recommendations made.