Statements of insolvency practice (SIPs)
SIPs set principles and key compliance standards with which Insolvency Practitioners are required to comply. They are issued to Insolvency Practitioners under procedures agreed between the authorising bodies acting through the Joint Insolvency Committee.
Current and superseded Statements of Insolvency Practice for Scotland and Statements of Insolvency Practice for England & Wales and Northern Ireland can be accessed below.
Statements of insolvency practice Scotland - current
Statements of insolvency practice England and Wales - current
Statements of insolvency practice Scotland - superseded
Statements of insolvency practice Ireland and Northern Ireland - current
Republic of Ireland
Northern Ireland
| Statements of Insolvency Practice Northern Ireland | Effective date |
|---|---|
| SIP 2 - Investigations by office holders in administrations and insolvent liquidations | 1 December 2016 |
| SIP 3.1 - Individual Voluntary Arrangements | 1 March 2023 |
| SIP 3.2 - CVAs | 1 April 2021 |
| SIP 7 - Presentation of financial information in insolvency proceedings | 1 April 2021 |
| SIP 9 – Payments to insolvency office holders and their associates from an estate | 1 April 2021 |
SIP 13 - Disposal of assets to connected parties in an insolvency process | 25 June 2021 |
R3 guide for creditors; liquidation/creditors’ committees and commissioners | 1 March 2017 1 March 2017 |
| SIP 16 - Pre-packaged sales in administrations | 25 June 2021 |