This section provides information for members, their clients and the public on ACCA’s and its members’ obligations in the UK where ACCA is a Recognised Professional Body under the Insolvency Act 1986.
ACCA’s monitoring regime is designed to meet ACCA’s obligations as a Recognised Professional Body as set out in the Memorandum of Understanding agreed between the Insolvency Service and the Recognised Professional Bodies.
Insolvency license holders are visited once every three years to monitor their compliance with the insolvency legislation and the Statements of Insolvency Practice. Licence holders must apply annually to have their licences renewed.
GUIDANCE FOR INSOLVENCY PRACTITIONERS ON DEALING WITH PPI MIS-SELLING CLAIMS
Guidance for members who are dealing with IVAs or bankruptcy cases, and in which the debtor may have been mis-sold PPI, is set out in a new guidance note being issued jointly by the RPBs, R3 and the Debt Resolution Forum.
The guidance can be found in the PDF on this page.
Interim guidance for practitioners dealing with Scottish cases is being issued in connection with the coming into effect of The Protected Trust Deed (Scotland) Regulations 2013 on 28 November. The guidance is attached below.