“The FCA has published a consultation on proposed amendments FG21/4 – Guidance for insolvency practitioners on how to approach regulated firms (the Guidance). The proposed amendments reflect legal, regulatory and economic changes since the Guidance was first published and also seek to improve clarity and provide further information on certain aspects.
The Guidance is aimed at insolvency practitioners (IPs) appointed over firms solely authorised or registered by the FCA. It may also be relevant for IPs appointed over firms that are dual regulated by the FCA and PRA.
The FCA welcomes views on the proposed amendments by 30 April 2024. Respondents can use the online response form or email your responses to gc24-1@fca.org.uk
Subject to the responses received, the FCA intends to publish the finalised amended guidance later this year.”
The R3 Technical Team will be working with members of R3’s General Technical Committee to provide a response to the consultation.