SIPs – Scotland
SIPs are issued to insolvency practitioners with a view to maintaining standards by setting out required practice and harmonising practitioners” approach to particular aspects of insolvency.The purpose of SIPs is to outline basic principles and essential procedures with which insolvency practitioners are required to comply. Departure from the standards established in SIPs is a matter that may be taken into account in the event of disciplinary or regulatory action. All SIPs should be read in conjunction with SIP1 (An introduction to statements of insolvency practice)Below is the list for Scotland:
SIP 1 An introduction to statements of insolvency practice (Effective 1 October 2015)
SIP 3.2 Company Voluntary Arrangements (Effective 1st July 2014)
SIP 3.3 Trust Deeds (Effective December 2016)
SIP 4 Disqualification Of Directors (Effective 1st Sep 1999)
SIP 7 Presentation of financial information in insolvency proceedings. (Effective 2nd May 2011)
SIP 9 Payments to Insolvency Office Holders and their Associates. (Effective 1st June 2012)
SIP 11 The handling of funds in formal insolvency appointments (Effective 1st January 2018)
SIP 12 Records of meetings in formal insolvency proceedings (Effective 1st May 1997)
SIP 14 A receiver’s responsibility to preferential creditors
SIP 16 Pre-packaged sales in adminstrations (Effective from 1st November 2015)