Reminder on the Standard Financial Statement

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We would like to remind Insolvency Practitioners practising in England and Wales that the Common Financial Statement (CFS) should now not be used. In its place, the new Standard Financial Statement (SFS) should be used.

In Scotland, the CFS remains in place as it forms the basis of the Scottish Common Financial Tool.

It is expected that the updated IVA Protocol, due to be published in March, will reflect this change.