Statements of Insolvency Practice.

Sets out the purpose and authority of the SIPs framework — issued under the Joint Insolvency Committee and adopted by all the Recognised Professional Bodies that licence insolvency practitioners. Establishes that compliance is a regulatory expectation, not a recommendation.

Sets the standard for how office holders investigate the affairs of an insolvent business. Covers the scope of investigation, dealing with antecedent transactions (preferences, transactions at undervalue, voidable floating charges), and reporting director conduct under CDDA 1986.

Standards for nominees and supervisors of Individual Voluntary Arrangements. Covers initial advice, the proposal, modifications, the meeting of creditors, ongoing supervision, variation, breach and termination.

Standards for nominees and supervisors of Company Voluntary Arrangements. Covers proposal evaluation, the chairman's report, conduct of the creditors' decision procedure, ongoing supervision, modifications and termination.

Standards for the conduct of deemed-consent procedures and the various decision procedures (correspondence, electronic voting, virtual meetings, physical meetings) introduced by the Insolvency (England and Wales) Rules 2016.

Standards for the format and content of receipts and payments accounts and other financial information presented to creditors and other stakeholders during an insolvency. Aimed at clarity, comparability and consistency.

Standards for summoning and conducting meetings of creditors and members under the post-2016 Rules — including notices, voting, proxies, the chairman's role, adjournments, minutes and reporting outcomes.

The principal fee-disclosure standard. Requires office holders to provide creditors and other approving parties with sufficient, balanced information to assess the basis on which fees are sought, the work proposed and the outcome to be expected. The Creditors' Guides published alongside SIP 9 are hosted on /resources/guides-to-fees/.

Standards for the preparation, despatch and use of proxy forms in insolvency proceedings — including form content, duty to act in accordance with creditor instructions, and conflict considerations.

Standards for the handling, banking and accounting of funds held in formal insolvency appointments. Covers the Insolvency Services Account, segregation, interest, banking arrangements and reconciliation.

Standards for the disposal of assets to connected parties — including pre-pack sales prior to the introduction of the Pre-Pack Pool, marketing requirements, valuation, and the disclosures expected to creditors. Now read alongside the Pre-Pack Regulations 2021 (qualifying-report requirement for connected sales within 8 weeks of administration).

Sets out the receiver's responsibilities in relation to the company's books, records and statutory registers — including delivery up, retention and the receiver's interaction with directors and other office holders.

Standards for office-holder reporting to creditors' committees and (in Scotland) commissioners. Covers the form, content and frequency of reports, the role of the committee in fee approval, and confidentiality.

The principal standard governing pre-pack sales in administration — including marketing, valuation, the SIP 16 statement to creditors, and the timing of sale relative to appointment. Now operates alongside the Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021, which require an independent qualifying report for connected sales completed within 8 weeks of appointment.