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Introduction to the new SIP 6 and 11

The RPBs recently issued two new SIPs on key areas of insolvency practice, which came into effect on 1 January 2018.

Description

The RPBs recently issued two new SIPs on key areas of insolvency practice, which came into effect on 1 January 2018.

Statement of Insolvency Practice 6 – Deemed Consent and Decision Procedures in Insolvency Proceedings (England and Wales): An interim SIP 6 was introduced in April 2017 to coincide with the implementation of the Insolvency (England & Wales) Rules 2016, which made significant changes to the way decisions are made by creditors. Following consultation, the interim SIP has now been replaced with a revised SIP 6. We will examine key changes and regulatory requirements around obtaining decision from creditors.

Statement of Insolvency Practice 11 – The Handling of Funds in Formal Insolvency Appointments: The former SIP 11 inadequately reflected current practice structures and banking products used by insolvency practitioners. The new SIP 11 is intended to provide greater clarity around the need for proportionate safeguards and financial controls, so that creditors and other stakeholders can be confident that their interests are adequately protected. The new SIP applies UK wide and introduces new requirements to all insolvency practices when handling funds.

Recorded 16 February 2018

CPD Learning Outcomes

  • A clear, concise update on the new regulatory requirements when handling funds
  • For E&W practices - an update on regulatory requirements when obtaining decisions from creditors (including decisions on remuneration)
  • For Scottish practices - an early insight into how decisions will be obtained from creditors once the new Rules take effect

Who Should Attend

Anyone with an interest or role in insolvency looking for an update on regulatory requirements or a concentrated introduction to the issue.

Cost

£55 + VAT per person

50% reduction for every third one-hour series you book.

Webinar fee includes electronic version of course documentation.

 

Team Booking Discount

  5-10 team members - £200 + VAT

11-25 team members - £375 + VAT

26-50 team members - £500 + VAT

50+ price on application

If you are looking to make a team booking, please mail courses@insolvencysupportservices.com

Booking Terms

The purchase of an ISS Training webinar recording permits single user access only for use by the registered delegate and access information should not be forwarded on to third parties. The copying and/or distribution of an ISS Training webinar recordings or materials is not permitted. Responsibility for the confidentiality of webinar registration information and materials issued by ISS Training lies with the registered delegate and purchaser.

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