A reminder for members who deal with IVAs

Other articles (Insolvency Practitioner, February 2021):

• Michelle Thorp, CEO
• Kevin Hellard, President
• Important reminder: Extraordinary General Meeting
• IPA Annual Conference
• New Joint Insolvency Committee role for the IPA 
• Renewals
• ICO Data Sharing Code
• Changes to IPA membership criteria
• Business continuity and support
• Debt Relief Orders consultation
• Proposed FCA guidance for Insolvency Practitioners: How to approach FCA-regulated firms
• Insolvency Service guidance on monitoring Insolvency Practitioners: advertisements, marketing and debt advice  
• Vacancy for a Disciplinary Chair of the Disciplinary and Appeals Committee
• Vacancy for a Head of External Affairs and Business Development
• Update: HMRC Enforcement and Insolvency Services phone lines
• IPA rules review

At the request of the IPA Regulation & Conduct Committee (R&CC), we would like to remind members dealing with IVAs to ensure that the IVA is supervised in accordance with the agreed terms and the modifications. If there is any ambiguity between the original terms and agreed modifications, then a variation should be considered. Clear minutes should be kept, and steps taken to verify suggested modifications where there is any doubt.