Practicing Accountant member of the Insolvency Rules Committee

Closed
Body: Insolvency Rules Committee
Appointing Department: Ministry of Justice
Sector: Business, Finance & Skills
Location: London
Skills required: Accountancy
Number of Vacancies: 1
Remuneration: None but reasonable standard travel expenses will be payable
Time Requirements: No more than 21 days per annum – depending on the needs of the committee

Campaign Timeline

  • Competition Launched

    18/12/2020

  • Closed for Applications

    18/01/2021 at 09:00

  • Panel Sift

    16/02/2021

  • Final Interview Date

    21/04/2021

  • Announcement

    TBC

 

Assessment Panel

Vacancy Description

The Insolvency Rules Committee is an advisory non-departmental public body (NDPB) which was established under Section 10 of the Insolvency Act 1976.

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 is comprised of a judge of the High Court attached to the Chancery Divisions and various members of the judiciary, legal and accountancy professions.

The major part of the work of the Committee over the next year is likely to involve certain special regimes arising from other government legislation that utilise the rule making powers of section 411 of the Insolvency Act 1986. the consideration of a new set of Insolvency Rules, which follows work the Insolvency Service have been undertaking to review and modernise the 1986 Rules. The committee are also likely to be required to consider other ad hoc legislation and a review of the 2016 Rules.

The Committee is an unfunded, advisory non-departmental public body whose members provide their services on a voluntary and unremunerated basis, but can claim reasonable expenses. The cost of these expenses and the provision of the secretariat for the Committee is provided by The Insolvency Service.

Appointments to the Committee are made by the Lord Chancellor following consultation with the Lord Chief Justice. Appointments are regulated by the Office of the Commissioner for Public Appointments (OCPA).

The role of the Practicing Accountant

The committee presently operates under the chairmanship of the Hon. Mr Justice Antony Zacaroli. The Insolvency Service try and manage the flow of work to the committee, but it does arise on an adhoc basis and there will be a considerable amount of work over the coming year.

The management of the work of the committee is a matter for the chairman of the committee and it does vary according to the volume of work and the nature of the legislative changes made. The role of the committee, in advising the Lord Chancellor, is to ensure that the legislative changes proposed to the rules will deliver the proposed policy sought effectively.

Meetings of the committee are arranged on the basis of need and not more frequently than 2 or 3 times a year. Those meetings are held in London, usually at the offices of The Insolvency Service or the Rolls Building in Central London.

Person Specification

  • Practising accountant
  • Detailed knowledge of both primary and secondary insolvency legislation and significant practical experience in its application
  • Ability to assess the effectiveness and practical implications of proposed amendments to the Insolvency Rules
  • Ability and willingness to make a significant contribution to the effective working of the Committee
  • Ability to work to tight deadlines and deal with work given out at short notice.

 

Additional Information

Tenure: Public appointments are offered on a fixed term basis. We do this to ensure that the leadership of our public bodies is regularly refreshed, and the IRC can benefit from new perspectives and ideas. The appointment will run for 3 years with the possibility of reappointment for a further term subject to satisfactory appraisal and at the discretion of Ministers.  In line with the Governance Code for Public Appointments, there is a strong presumption that no individual should serve more than two terms or serve in any one post for more than ten years.

Remuneration: Membership of the IRC does not constitute formal employment and is unremunerated, however, reasonable standard travel expenses will be payable.

Performance Appraisal: The member will be assessed at least once a year against their performance for each year of their appointment, which will be carried out by the Chair of the body.

Standards in Public Life: Public appointees are required to uphold the Committee on Standards in Public Life’s Seven Principles of Public Life (see Appendix 1).  You are also expected to adhere to the Code of Conduct for board members of public bodies.

Attachments
CIP FINAL
reference request form - sept 2019
Conflict-of-Interest-Sept-2019
Return to Search