We are looking for ICAEW IPs who may be interested in serving on our Insolvency Licensing Committee.
Under the Insolvency Act 1986, ICAEW is a recognised professional body and the Insolvency Licensing Committee (ILC) carries out certain regulatory responsibilities. Its main work involves reviewing Quality Assurance Department reports on visits to insolvency practitioners together with the responses to these reports, and deciding if any regulatory action is needed. The committee may need to consider other information to satisfy itself that IPs remain fit and proper to be licensed. The committee also deals with non-routine insolvency licence applications
The committee consists of at least eight members and has lay parity, so there's a 50/50 split between the number of IP members and the number of lay members.
The ILC generally meets bi-monthly at Chartered Accountants’ Hall in London and meetings normally last between one and two hours. Some committee business may be dealt with by email. Time is also required to read the agenda papers before each meeting; this may take up two hours.
If you're interested, or want more information, please contact Rachel Howell at Rachel.firstname.lastname@example.org