July 2014

Deregulation Bill

The Society continues to press the UK Parliament with its concerns over the partial authorisation of insolvency practitioners. In its letter to Scottish peers, the Society has highlighted that in Scotland significant parts of corporate insolvency are linked to bankruptcy legislation, and are not separate as in England and Wales. The proposed regime under the Bill will not allow for partial authorisation as an insolvency practitioner because of the linkage between company insolvency and bankruptcy law. The Society is also concerned over the  proposed repeal of the Senior President of Tribunals' duty to report on standard, which removes aspects of oversight of tribunals.

Full details here