The Insolvency Rules Committee is appointed under section 413 of the Insolvency Act 1986 for the purpose of being consulted by the Lord Chancellor before making any rules under section 411 (company insolvency rules) or section 412 (individual insolvency rules) of the Act. The Committee consists of members of the legal and accountancy professionals.

The major part of the work of the Committee over the next 18 months will consist of the consideration of amendments to the rules arising out of a review of secondary insolvency legislation to consolidate and modernise its provisions.

The Committee is an unfunded, advisory non-departmental public body whose members provide their services on a voluntary and unremunerated basis. The secretariat for the Committee is provided by The Insolvency Service.