IAASA has today published a consultation on the amount and terms of indemnity against losses and claims arising in respect of civil liability of liquidators. The Companies Act 2014, which came into force on 1 June 2015, affords IAASA with responsibility for setting Regulations for the amount and terms of such insurance. IAASA is therefore seeking the views of stakeholders and invites interested parties to provide their comments on the proposals, which are set out in a consultation paper which can be accessed here.
Responses should be by e-mail only, to [email protected] no later than midnight on 25 September 2015.
While responses may include attachments, such attachments must not be encrypted. All responses received by the deadline will be considered prior to the issue of Regulations. Depending on the nature and scale of responses, IAASA may publish a Feedback Statement summarising the content of the responses. Respondents should note that, in the interests of transparency, their responses may be published in full or in part (and may be attributed to the respondent) in such a Feedback Statement.