To ask the President of the Board of Trade what factors governed those interests represented on the sponsored Insolvency Regulation Working Party. [31233]
The Insolvency Regulation Working Party was established by the insolvency recognised professional bodies and The Insolvency Service and its members are representatives of them.
To ask the President of the Board of Trade if she will list (a) the number of complaints per annum received by each of the bodies responsible for regulating insolvency practitioners, (b) the nature of the complaints, (c) the average and the longest time taken to investigate the complaints and (d) the nature of the outcomes in each of the last five years. [31200]
The number of complaints about insolvency practitioners received by each of the bodies for the period in question are in the table.
1993 | 1994 | 1995 | 1996 | 1997 | |
Institute of Chartered Accountants in England and Wales | 272 | 263 | 246 | 325 | 319 |
Insolvency Practitioners Association | 166 | 161 | 160 | 115 | 120 |
Law Society | 1 | 7 | 3 | 3 | 0 |
Institute of Chartered Accountants of Scotland | 12 | 47 | 39 | 18 | 11 |
Association of Chartered Certified Accountants | 5 | 23 | 38 | 41 | 30 |
Institute of Chartered Accountants in Ireland | 4 | 2 | 0 | 2 | 9 |
The Law Society of Scotland | 0 | 0 | 0 | 0 | 0 |
Secretary of State | 72 | 84 | 81 | 36 | 45 |
Total | 532 | 587 | 567 | 540 | 534 |
To ask the President of the Board of Trade how many (a) firms and (b) individuals are registered with each of the bodies responsible for authorising insolvency practitioners under the Insolvency Act 1986. [31234]
Only individuals may be authorised to act as insolvency practitioners. The numbers authorised by each of the bodies are as follows:
Number | |
Institute of Chartered Accountants in England and Wales | 844 |
Insolvency Practitioners Association | 308 |
Law Society | 184 |
Institute of Chartered Accountants of Scotland | 168 |
Association of Chartered Certified Accountants | 127 |
Institute of Chartered Accountants in Ireland | 73 |
The Law Society of Scotland | 22 |
Secretary of State | 125 |
To ask the President of the Board of Trade what proposals she has for requiring those licensed under the Insolvency Act 1986 to publish information about their affairs. [31339]
None at this stage. However, I will give careful consideration to any submissions that my hon. Friend may wish to make about this matter.