To avoid unnecessary disruption in acting as an insolvency practitioner, you are advised to submit your renewal application early. If you fail to submit your renewal within the stipulated period, you are required to submit your application as a new applicant and be subject to the corresponding application fee that applies to it instead.
Payments can only be made through the GoBusiness Licensing Portal using the following electronic payment modes:. Please note that the application fee is strictly non-refundable , regardless of the outcome of your licence application.
Processing Time Depending on the complexity of the application, we may take up to 2 to 3 weeks to process your licence application. Please note that the processing time may take longer if the documents submitted in support of the application are incomplete or not in order. Notification of Outcome You will be notified of the outcome of your licence application via post and email. Practical Training and Experience : An applicant for a licence must demonstrate that they can carry out unsupervised the functions and duties of an IP.
All licence applications will be required to provide a written statement or be invited to an interview. Generally, an applicant will be expected to have been engaged in insolvency administration of the five years before applying. The original of the general penalty bond is required to be submitted to, and is retained by, the IPA. This may include attending or speaking at relevant courses, conferences, seminars and lectures or other practical learning.
An applicant for licence and a licence holder should be able to produce evidence of CPD undertaken in relation to the three years prior to applying for or renewing their authorisation. Please note that higher experience in insolvency administration is defined as engagement in work relating to the administration of estates in respect of which an IP has been appointed where the works involves the management and supervision of cases on behalf of the IP or regulatory work at an equivalent level.
Find out about our various membership categories. Anonymised Anti-Money Laundering AML case studies, to assist members in reviewing AML policies and procedures, are available on our enforcement notices page — click here. Licence Criteria Applicants must be Ordinary or fellow members of the IPA; membership and licence can be applied for at the same time.
A licence cannot be backdated. If an application is granted, an applicant will relinquish any other licence. Setting Yourself Up in Practice The IPA aims to visit you in the first six months of starting your own practice to ensure that you understand what is required, and have in place the procedures and systems for the effective management of cases and the ongoing training and development of your staff.
Practical training and experience should be certified by one Insolvency Practitioner Security or caution should be evidenced by lodging the original of the general penalty enabling bond with the IPA and submitting monthly cover schedules bordereaux to the IPA.
Become a Member Find out about our various membership categories. Find out about our various membership categories. Anonymised Anti-Money Laundering AML case studies, to assist members in reviewing AML policies and procedures, are available on our enforcement notices page — click here. If you would like to renew a current IPA licence, you will be sent the renewal form prior to the expiry of your current licence.
Please note that you cannot act as an IP if your authorisation lapses and you have yet to be issued with another one. In the event that your application is granted, you will be required to relinquish any current licence issued by another RPB or the Secretary of State for Business, Energy and Industrial Strategy, from the date that your IPA authorisation is effective.
For a full insolvency licence, all three papers of the JIE must be sat and passed. Fitness and Probity The IPA may make such further and other enquiries of third parties as it considers appropriate as to your fitness and probity to be a licensed IP. Your Personal Details We use e-mail for the majority of our communications: mail will be sent to your employment address and your employment address will be published in our list of members.
First Last. Year If you are a member of another professional body or bodies , please provide:. Save and Continue Later. Your Employment Details Name of Firm for which you work. Is your firm a member of the IPA? State the date from which you would wish your authorisation to be effective. Please choose a membership I intend to take appointments I do not intend to take appointments. Please supply documentation evidence you have passed JIE. Have you acquired or been awarded in a country or territory outside the UK professional or vocational qualifications which indicate that you have the knowledge and competence that is attested by a JIE pass.
Yes No. Period 5 is the 12 months preceding your application. You will be asked to supply a schedule of your open cases in support of this information in the event your application is approved. Cases at start New cases Cases closed Cases at end Hours of higher experience. Whether you are a Fit and Proper person Check all that apply. State, and provide full details in an accompanying letter where applicable.
Granted Refused None of the above. Restricted Lapsed Removed None of the above. Select All c Have you been refused admission to, or been removed from, any professional body or similar association; or is there any action pending against you?
Provide details of the security or caution you currently have. Surety Renewal date.
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