Insolvency Compliance Reviews - Compliance On Call is an established and highly respected provider of UK insolvency compliance services, providing reviews, documents, online technical support, and ad-hoc compliance assistance to suit each practice. Directors Bill Burch and Gareth Limb, together with Jenny Sheen, have over 70 years' combined insolvency experience and have directly assisted hundreds of IPs with their compliance.
Monday, March 10, 2014
Great summary about Consumer Credit Licences and how the changes impact on IPs
We won’t plagiarise their article here, but we have to refer you to the brilliant summary on the ICAEW website. They have looked at the upcoming changes to the consumer credit licensing regime and in particular they have a “frequently asked question” that deals specifically with the impact on insolvency practitioners.
We think that this is essential reading for all insolvency practitioners, whether you had an old-style separate licence or relied on a regulator’s group licence. It is also very helpful to IPs in practices that offer a wide range of solutions for distressed personal debtors, as it clearly sets out what the exemption for IPs does, and does not, cover.
In short, you must read this.