Regulator Profile
Insolvency Service
The Insolvency Service
Enforcement Regulator3
Areas of regulation
13
Laws enforced
UK-wide
Director Disqualification
Insolvency
Redundancy Payments
What Insolvency Service does
Administers compulsory company liquidations and personal bankruptcies. Investigates director misconduct and can seek disqualification orders. Manages redundancy payments from the National Insurance Fund. Authorises insolvency practitioners.
Additional information
Executive agency of DBT. Key for any business facing insolvency or dealing with insolvent counterparts.
Legal framework
Legislation that Insolvency Service enforces.
Primary legislation
- Company Directors Disqualification Act 1986 Act 1986
- Insolvency Act 1986 Act 1986
- IA 2000 Act 2000
- Enterprise Act 2002 Act 2002
- Companies Act 2006 Act 2006
- Small Business, Enterprise and Employment Act 2015 Act 2015
- Small Business, Enterprise and Employment Act 2015 Part 4 Act 2015
- Corporate Insolvency and Governance Act 2020 Act 2020
- RCDDDCA 2021 Act 2021
Secondary legislation
- Insolvency Practitioners Regulations 2005 UK Statutory Instrument 2005
- Insolvency (England and Wales) Rules 2016 UK Statutory Instrument 2016
- Administration (Restrictions on Disposal to Connected Persons) Regulations 2021 UK Statutory Instrument 2021
- Insolvency (England and Wales) (No. 2) (Amendment) Rules 2021 UK Statutory Instrument 2021