Improve your experience. We are very sorry but this website does not support Internet Explorer. We recommend using a different browser that is supported such as Google Chrome or Mozilla Firefox.

Changes to the Code of Ethics

The Code of Ethics underpins everything we do and the long awaited revision of the Code has now been published and will come into effect on 1st May 2020.

Description

The new code contains more detailed examples of conflict situations, enhanced responsibilities placed on an IP who is an employee and a completely new set of obligations on IPs and their staff to report non-compliance with laws and regulations (NOCLAR).

In this 1 hour video, we break these amendments down into key topic areas and examine the practical implications of these changes on your internal procedures.

CPD Learning Outcomes

  • Absolute requirements and prohibitions
  • Expanded conflict situations
  • New obligations for employee IPs
  • Payments for specialist advice and services
  • NOCLAR requirements
  • Advertising, marking and promotional activity
  • Enhanced documentation requirements

Cost

£50 + VAT per person

This training video includes electronic version of course documentation.

50% reduction for every third one hour session you book.

Who Should Attend

This course is intended for anyone working in insolvency, and specifically insolvency practitioners, those considering obtaining their insolvency licence or setting up in practice and personnel engaged in the implementation of compliance processes.

Similar courses

Anti-Money Laundering Systems and Procedures

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) came into force on 26 June 2017, with some key requirements coming into effect on 26th June 2018. AML compliance now goes far beyond the need for Customer Due Diligence.

More Information
Bonding, Insurance and PII

The bonding regime for IPs has been under review – is it fit for purpose? How and when is it likely to change? Bonding is not the whole picture, since it interacts with other insurances, your RPB’s professional indemnity insurance requirements and the best practice requirements of SIP 11.

More Information
Conducting Firm-wide AML Risk Assessments

Regulation 18 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 requires insolvency practitioners to have conducted a firm-wide risk assessment of the money laundering and terrorist financing risks that are presented within their business.

More Information
SIP 11 & Financial Controls

The introduction of a strengthened SIP 11 in 2018 placed increase emphasis on the need for robust financial controls within IP practices and made clear the Regulators' expectations that controls should be reviewed at least annually. But what do proportional financial controls actually look like in practice?

More Information
IP Fees (E&W)

Approval of our remuneration is key to our business success and our engagement with creditors. After all, it's their money that pays our fees. There is perennial stakeholder and regulatory focus on what we get paid, and how it is approved.

More Information
UK SIPs Update

Statements of Insolvency Practice (SIPs) are required practice in our role as insolvency practitioners. They set out the principles and key compliance standards which we must apply when approaching a particular area of practice: the presentation of financial information, the handling of client funds, decision procedures and connected party transactions, to name but a few.

More Information
Advice to Directors Post Pandemic

The last two years have been unprecedented in all aspects of business life. As we emerge from the pandemic, with more economic uncertainty predicted, the advice we give to directors has changed.

More Information
IP Fees (Scotland)

Approval of our remuneration is key to our business success and our engagement with creditors.

More Information

Press enter to see more results