HC Deb 31 March 1999 vol 328 c807W
Mr. Hood

To ask the Secretary of State for Trade and Industry if he will list the professional bodies with responsibility for the conduct of those acting for his Department's Insolvency Service. [79035]

Dr. Howells

[holding answer 29 March 1999]: Under the Insolvency Act 1986, only authorised persons may act as insolvency practitioners. Authorisation may be granted either by a professional body recognised by the Secretary of State or directly by the Secretary of State. Professional bodies are recognised on the basis that they have rules to ensure that practitioners have appropriate educational qualifications and experience and that they remain fit and proper.

The recognised professional bodies are:

  • The Association of Chartered Certified Accountants
  • The Insolvency Practitioners Association
  • The Institute of Chartered Accountants in England and Wales
  • The Institute of Chartered Accountants in Ireland
  • The Institute of Chartered Accountants of Scotland
  • The Law Society and The Law Society of Scotland.