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This section provides information for members, their clients and the public on ACCA’s and its members’ obligations in the UK where ACCA is a Recognised Professional Body under the Insolvency Act 1986.

ACCA’s monitoring regime is designed to meet ACCA’s obligations as a Recognised Professional Body as set out in the Memorandum of Understanding agreed between the Insolvency Service and the Recognised Professional Bodies. Insolvency license holders are visited once every three years to monitor their compliance with the insolvency legislation and the Statements of Insolvency Practice. Licence holders must apply annually to have their licences renewed.

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