The Joint Insolvency Committee is a major forum for discussion of issues of concern to the profession and has representatives from each of the insolvency Recognised Professional Bodies and from The Insolvency Service. The Association of Business Recovery Professionals and the Insolvency Service, Northern Ireland have observer status. The Committee, which first met in December 1999, presently meets four times a year

The Committee grew from one of the recommendations of the Insolvency Regulation Working Party which said in its report that:

“… the Recognised Professional Bodies should continue to consider the potential for taking further initiatives as regards joint or co-operative activities in the regulatory areas referred to in this Report.”   

The Committee has assumed responsibility for the work previously undertaken by other joint committees such as the Insolvency Licensing Forum, the Best Practice Liaison Committee and the Joint Ethics Committee. It is particularly concerned with professional and ethical standard setting and with achieving consistency across the profession.

The Committee is also the profession’s principal source of contact with the Insolvency Practices Council, the body established to provide an additional public interest input into standard setting in the profession.

The Service's representative on the Committee is Mike Chapman, Head of insolvency practitioner Policy Section.

JIC Annual Reports:

The JIC publishes an annual report, which can be downloaded in PDF form by clicking the following link:

JIC Annual Report for year ended 31 December 2006