The Joint Insolvency Committee (JIC) develops, improves and maintains insolvency standards from a regulatory, ethical and best practice perspective.
The Joint Insolvency Committee (JIC) is a forum for the discussion of insolvency issues and standard setting. It has responsibility for the development and revision of Statements of Insolvency Practice and insolvency guidance papers and it comments on legislation. JIC promotes consistency across the profession
The committee is made up of five representatives from each of the recognised professional bodies and from the Insolvency Service and the Insolvency Service, Northern Ireland. The committee has appointed five lay members. The committee meets four times a year. Between meetings, the business of the committee is progressed via conference call or by sub-groups.
The current chair of the JIC is a lay member and the representative of the British Property Federation. Secretariat support to the committee is provided by ICAEW.
R3 and the Law Society Scotland attend JIC as observers. Other observers may attend by arrangement.
The JIC publishes updates of the committee's activities through periodic newsletters. Recent publications can be accessed here: