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We have developed new Inspector-General guidance documents for insolvency practitioners.

As part of our ongoing efforts to provide relevant guidance to insolvency professionals, we are releasing two proposed guidance documents for feedback:

Inspector-General Practice Statement 19 – Fit and proper requirements for personal insolvency practitioners

Practice Statement 19 focuses on fit and proper requirements and provides broad guidance about what it means to be a fit and proper person for those registered as personal insolvency practitioners. This is a new practice statement and feedback is welcomed.

Inspector-General Practice Guidance 2 – Guidelines relating to the security of record storage for practitioners

With more people working from home, organisations are increasingly vulnerable to cyber-attacks or fraud. The proposed guideline on the security of record storage reminds practitioners they need to ensure proper controls are in place to protect the sensitive information they are entrusted with. This is a new guideline and feedback is welcomed.

We are keen to explore these topics with our stakeholders, particularly the personal insolvency profession, and we invite you to provide feedback by COB Monday 12 October 2020.

Feedback closed on 13 October 2020.