The IPA Volume Provider Regulation (VPR) Scheme 2020 benchmark report is out now – click here.

Proposed FCA guidance for Insolvency Practitioners: How to approach FCA-regulated firms

As we informed members last month, the Financial Conduct Authority (FCA) has recently consulted on the planned guidance that it has published in respect of how Insolvency Practitioners approach insolvencies of FCA-regulated firms.

The FCA is seeking to inform its guidance, which is designed to help Insolvency Practitioners ensure that FCA-regulated firms meet their ongoing regulatory obligations after an Insolvency Practitioner is appointed. We have had feedback that some of the proposals may be impractical and would like to understand member perspectives a little further.

The proposed guidance can be accessed here. Though the consultation period is now closed, if any member would like to provide feedback on the proposed guidance for the IPA to raise, please email [email protected]