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SIPs - Scotland
SIPs are issued to insolvency practitioners with a view to maintaining standards by setting out required practice and harmonising practitioners'' approach to particular aspects of insolvency.
The purpose of SIPs is to outline basic principles and essential procedures with which insolvency practitioners are required to comply. Departure from the standards established in SIPs is a matter that may be taken into account in the event of disciplinary or regulatory action.
All SIPs should be read in conjunction with SIP1 (An introduction to statements of insolvency practice)
Below is the list for Scotland:
SIP 1  - An introduction to statements of insolvency practice (Effective 1 October 2015) SIP 2 -  Investigations by Office Holders in Administrations and Insolvent Liquidations and the Submission of Conduct Reports by Office Holders (Effective 4 April 2016) SIP 3A  - Trust Deeds (Effective 7th December 2009) Guidance on Fact-Find payments and other outlays after the commencement of The Protected Trust Deeds (Scotland) Regulations 2013           (Click here to download guidance) SIP 3B  - Company Voluntary Arrangements  (Effective 1st April 2007) SIP 3.2 - Company Voluntary Arrangements  (Effective 1st July 2014)SIP 3.3 - Trust Deeds (Effective November 2016) SIP 4  - Disqualification Of Directors (Effective 1st Sep 1999) SIP 7  - Presentation of financial information in insolvency proceedings. (Effective 2nd May 2011) SIP 8 - Summoning And Holding Meetings Of Creditors Convened Pursuant To Section 98 Of The Insolvency Act 1986  (Effective 1st Feb 2002) SIP 9  - Payments to Insolvency Office Holders and their Associates.  (Effective 1st June 2012) SIP 10 - Proxy Forms (Effective 1st May 1997) SIP 11 - The handling of funds in formal insolvency appointments (Effective 1st January 2018) click here  for explanatory note

SIP 12 - Records of meetings in formal insolvency proceedings (Effective 1st May 1997) SIP 13  - Disposal of assets to connected parties in an insolvency process (Effective 1st December 2016) SIP 14 - A receiver’s responsibility to preferential creditors SIP 15 - Reporting And Providing Information On Their Functions To Committes (And Commissioners In Sequestrations) In Formal Insolvencies (Effective 1 March 2017) SIP 16 - Pre-packaged sales in adminstrations (Effective from 1st November 2015) SIP 17 - A receiver’s responsibility for the company’s records.(Effective 1st February 1998, but renumbered as SIP17 with effect from 2 May 2011)
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