The Compendium

A Comprehensive Companion for All in the Insolvency and Restructuring Profession

Joint Insolvency Committee

The Joint Insolvency Committee (JIC) was founded to promote consistency across the insolvency profession. Its purpose is to improve and promote high standards in the profession and to produce transparent, proportionate and targeted guidance.

The Committee acts as a forum to discuss insolvency issues and the setting of industry standards. The JIC has responsibility for the following:

  • Insolvency Code of Ethics
  • Statements of Insolvency Practice
  • Insolvency Guidance Papers

The JIC also comments on legislation.

[See 'Statements of Insolvency Practice', 'SIPs' and 'Insolvency Guidance Papers'.]

Joint Insolvency Examination Board

The Joint Insolvency Examination Board (JIEB) are responsible for the setting, marking and publishing results for the Joint Board exam - the licencing examination for those wanting to become Insolvency Practitioners in the United Kingdom.

There are two JIEB papers; one in corporate insolvency and the other in personal insolvency. Candidates need only pass one to be licenced in the paper they achieved success.

The Joint Board's exam is held once a year in November. The results are published in March of the following year.

NTI run matchless courses for the JIEB's exam. Get in touch with us at enquiries@nti.co.uk

[See 'Insolvency Practitioner'.]