The purpose of SIPs is to promote and maintain high standards by setting out required practice and harmonising the approach of insolvency practitioners to particular aspects of insolvency practice. SIPs set principles and key compliance standards with which insolvency practitioners are required to comply. They apply in parallel to the prevailing statutory framework.
SIPs are issued to insolvency practitioners under procedures agreed between the insolvency regulatory authorities, acting through the Joint Insolvency Committee.
Please note: There is no SIP 5 or SIP 6.
Statement of Insolvency Practice 1 Northern Ireland - An administrative receiver's responsibility for the company's records. Effective from 1 August 2005. Effective until 2 May 2011.
Statement of Insolvency Practice 1 Northern Ireland - An introduction to statements of insolvency practice. Effective from 2 May 2011. Effective until 1 October 2015.
Statement of Insolvency Practice 1 Northern Ireland - An introduction to statements of insolvency practice. Effective from 1 October 2015.
Statement of Insolvency Practice 2A Northern Ireland - A liquidator's investigation into the affairs of an insolvent company. Effective from April 2007. Effective until 2 May 2011.
Statement of Insolvency Practice 2 Northern Ireland - Investigations by office holders in administrations and insolvent liquidations. Effective from 2 May 2011. Effective until 6 April 2016.
Statement of Insolvency Practice 2 Northern Ireland - Investigations by office holders in administrations and insolvent liquidations and the submission of conduct reports by office holders. Effective from 6 April 2016.
Statement of Insolvency Practice 3A Northern Ireland - Voluntary arrangements. Effective 1 Apr 2007.
Statement of Insolvency Practice 3.1 Northern Ireland - Individual voluntary arrangements. Effective from 1 July 2014.
Statement of Insolvency 3.2 Practice Northern Ireland - Company voluntary arrangements. Effective from 1 July 2014.
Statement of Insolvency Practice 4 Northern Ireland - Disqualification of directors. Effective 6 April 2006. The existing legislation and the current SIP 4 will be withdrawn on 6 October 2016.