Business continuity and support

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
• A reminder for members who deal with IVAs
• Changes to IPA membership criteria
• 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

We appreciate the difficulty that firms are facing at the moment, whether economically or through other difficulties brought on by Covid. However, Insolvency Practitioners remain responsible for meeting their regulatory responsibilities.

We therefore remind members of the requirement to keep the IPA informed of all staff who are unable to work, whether by reason of furloughing or serious Covid-19 illness, by number and job title. This would also apply if there are any significant changes within your practice of if you seek Government support for your business.

We also know that Insolvency Practitioners will be trying to do their best in very difficult circumstances and offer our support while the Covid response restrictions are in force. There will be much scrutiny on how business behaves during this period, and we therefore remind you of the updated Ethics Code. Please do ensure that all calls on Government support are made both within both the spirit and letter of the law. If in doubt, please do get in touch.

Please contact us at regulation@ipa.uk.com.