The new rules came into force from 26 March 2015 with the introduction of the Deregulation Act 2015 and Insolvency (Amendment) Act Northern Ireland 2016, which has opened up qualifying criteria for the authorised regulatory providers for insolvency, allowing ICAEW to expand its current licensing remit.
Partial licensing introduces two new types of licence to allow insolvency practitioners (IPs) to work on either purely corporate or purely personal insolvency cases. Under the new regime, a person may be authorised to act only in relation to companies; only in relation to individuals; or in relation to both. The new regime is intended to remove unnecessary barriers to entry to the insolvency practitioner profession and improve competition. …
Read the full article at: https://www.cchdaily.co.uk/icaew-offer-partial-licenses-insolvency-practitioners