The Secretary of State and the Recognised Professional Bodies (RPBs) have agreed a common set of principles to be adopted when monitoring insolvency practitioners authorised by them. 

The purpose of monitoring is to enable the Secretary of State and the RPBs to make an objective assessment of the conduct and performance of practitioners, and to ascertain whether the practitioner is a fit and proper person to be an insolvency practitioner. 

The principles cover the responsibilities of the Secretary of State and RPBs, guidance on the frequency of monitoring visits, key monitoring issues, liaison with other authorising bodies, and recommendations as to the content and timing of written monitoring reports. 

Click to see the full text of the Principles for Monitoring.