Friday, April 21, 2017

SIP 9 guidance notes – an update

Much respect to R3 for acting so quickly. The link given in our last post about the 2017 SIP 9 fee guides now takes you to a place on the R3 website where they have all of the guides set out, in blocks by date, so that you can direct your creditors to the right guides for their proceedings.

In due course, you are likely to need hybrid guides for cases commenced under older legislation, particularly where the pre-1 October 2015 fee rules apply, to reflect that the New Rules apply to those cases, but as a temporary solution, R3 is to be commended for taking action so quickly.

As a reminder, the link is: https://www.r3.org.uk/what-we-do/publications/professional/fees

We just checked and R3 is the only place that we can find them all at the moment, but maybe the regulators will now catch up and put something on their sites, since they seem so keen to emphasise that they are offering membership services.