Update on the Personal Insolvency Act 2012

AUTHOR(S): Julie Murphy-O’Connor, Tony O’Grady, Niamh Counihan
PRACTICE AREA GROUP: Corporate Restructuring and Insolvency
DATE: 01.07.2013

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.