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Statements of Insolvency Practice (SIPs) England and Wales

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.

SIP 4. Disqualification of directors

Statement of Insolvency Practice 4 - Disqualification of directors. Issued September 1998. The existing legislation and the current SIP 4 will be withdrawn on 6 October 2016.

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