Insolvency Service Annual Reports
The Insolvency Service, an executive agency of the Department for Business, Energy and Industrial Strategy (BEIS), oversees on behalf of the Secretary of State the statutory insolvency practitioner (IP) regulatory framework created by the Insolvency Act 1986. The Insolvency Service maintains a public register of all authorised IPs.
The Recognised Professional Bodies are required to submit annual reports of the exercise of their delegated powers covering authorisation procedures, monitoring, inspection, regulation and discipline and the handling of complaints against their authorised IPs. The Insolvency Service’s publishes an annual review of Insolvency Practitioner regulation.
The Insolvency Service also conducts monitoring activity in respect of the Recognised Professional Bodies and since 2015 has published reports on their findings.