Statutory Instruments
2025 No. 549
INSOLVENCY
INSOLVENCY PRACTITIONERS
The Insolvency Practitioners (Recognised Professional Bodies) (Revocation of Recognition of the Institute of Chartered Accountants in Ireland) Order 2025
Made
30th April 2025
Laid before Parliament
6th May 2025
Coming into force
1st June 2025
The Secretary of State makes this Order in exercise of the power conferred by section 391N(1) of the Insolvency Act 1986(1).
In accordance with section 391N(1) of that Act, the Institute of Chartered Accountants in Ireland(2) has requested that an order be made to revoke its recognition as a recognised professional body. The Secretary of State is satisfied that it is appropriate in all the circumstances of the case to make that revocation.
In accordance with section 391N(3) of that Act, the Secretary of State has published a notice specifying that the Order is to take effect from 1st June 2025 and the reasons for making the Order.
1986 c. 45. Section 391N was inserted by section 140(1) of the Small Business, Enterprise and Employment Act 2015 (c. 26). Section 419 was amended by section 138(2) of the Small Business, Enterprise and Employment Act 2015 (c. 26).
The Institute of Chartered Accountants in Ireland, otherwise known as “Chartered Accountants Ireland”, is a Royal Charter company.