Joint Insolvency Committee - Insolvency Practitioners Association

Joint Insolvency Committee - JIC

The Joint Insolvency Committee (JIC) is made up of eight representatives from each of the Recognised Professional Bodies and from the Insolvency Service. The Committee meets four times a year meetings being attended by Lay Observers. The Committee has recently appointed three Lay Members as full members of the Committee. Between meetings the business of the Committee is progressed via conference call or by sub-groups.

The Committee is a forum for the discussion of insolvency issues and in discussion with the Insolvency Service for standard setting. It develops, improves and maintains insolvency standards from a regulatory, ethical and best practice perspective. It has responsibility for the revision of Statements of Insolvency Practice (SIPs) and it comments on legislation. JIC promotes consistency across the profession.

A copy of the JIC Rules may be accessed here.

The IPA's Insolvency Practitioner representative on the JIC is Carl Faulds.
Alison Curry provides IPA Secretariat support alisonc@ipa.uk.com.

Membership of JIC

The membership of JIC is as follows:
Chartered Accountants Regulatory Board (Chartered Accountants Ireland)
The Association of Chartered Certified Accountants
The Institute of Chartered Accountants of Scotland
The Institute of Chartered Accountants in England & Wales
The Law Society of Scotland
Insolvency Practitioners Association
Solicitors Regulatory Authority
The Insolvency Service
Association of British Insurers (Lay Member)
Institute of Credit Management (Lay Member)
HM Revenue and Customs (Lay Member)

Membership of JIC

Joint Insolvency Committee Newsletters