Update On The Personal Insolvency Act 2012

M
Matheson

Contributor

Established in 1825 in Dublin, Ireland and with offices in Cork, London, New York, Palo Alto and San Francisco, more than 700 people work across Matheson’s six offices, including 96 partners and tax principals and over 470 legal and tax professionals. Matheson services the legal needs of internationally focused companies and financial institutions doing business in and from Ireland. Our clients include over half of the world’s 50 largest banks, 6 of the world’s 10 largest asset managers, 7 of the top 10 global technology brands and we have advised the majority of the Fortune 100.
The Insolvency Service of Ireland has introduced new regulations, which contain the qualification criteria, authorisation requirements and regulatory standards that must be met for individuals to be authorised to carry on the roles of personal insolvency practitioners and approved intermediaries.
Ireland Insolvency/Bankruptcy/Re-Structuring

The Insolvency Service of Ireland has introduced new regulations, which contain the qualification criteria, authorisation requirements and regulatory standards that must be met for individuals to be authorised to carry on the roles of personal insolvency practitioners and approved intermediaries.

The prescribed application forms to be completed by applicants for both roles have also been introduced.

The new regulations are:

  • Personal Insolvency Act 2012 (Authorisation and Supervision of Personal Insolvency Practitioners) Regulations 2013 (SI 209/2013)
  • Personal Insolvency Act 2012 (Authorisation of Approved Intermediaries) Regulations 2013 (SI 216/2013

Read the Regulations which apply to personal insolvency practitioners and approved intermediaries.

Our update on the implementation of the Personal Insolvency Act, 2012 is available here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More