We are supportive of the proposals to reform the regulation of the insolvency market and agree

that now is the time to review the current outdated framework for its regulation. Creating a single regulator, a public register of practitioners and firms offering insolvency services as well as a compensation scheme should result in better protection for vulnerable clients through common  standards  in  terms  of  both  services  provided  and  oversight/discipline  of  the practitioners providing them.

 

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