The meaning of Insolvency compliance
The first requirement when considering whether your insolvency appointments are compliant is to define what is meant by ‘compliance’. For RMCSC this is simple – compliance means doing a good professional job.
The insolvency Ethics Code covers all aspects of insolvency work, demanding a high standard of professional behaviour, and insolvency practitioners must comply with the Ethics Code at all times. Compliance is therefore much more than just ensuring that statutory deadlines are met or sending reports with the appropriate contents to the right people.
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