The Insolvency Practitioners (Amendment and Transitional Provisions) Regulations 2024

These Regulations amend Schedule 2 to the Insolvency Practitioners Regulations 2005 (“the 2005 Regulations”), subject to transitional and saving provisions in regulation 3. Schedule 2 to the 2005 Regulations sets out requirements relating to the form of bond which an insolvency practitioner must keep in force whilst acting in respect of an insolvent. Claims may be made against such a bond in the event of losses caused or facilitated by the fraud or dishonesty of the insolvency practitioner.