The Insolvency Practitioners Law of 2015 along with the Insolvency Practitioners Regulations of 2015, provide the regulation and governance of Insolvency Practitioners. This law has been set up in an effort to secure the proper and efficient application of the procedures and controls required as per the provisions of the Insolvency Framework.
As per the provisions of the Law only an approved and licensed Insolvency Consultant will be able to act as follows:
One of the three governing bodies which act as the authorizing and supervisory bodies for Insolvency Consultants is the Institute of Certified Public Accountants of Cyprus.
all Licensed Insolvency Practitioners.