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(1) These Regulations shall be referred to as the Insolvency Practitioners\u2019 (Amendment) Regulations 2022. (2) These Regulations shall come into operation on 1st September 2022 referred to in these Regulations as the \\\"Commencement Date\\\". (3) These Regulations shall apply to every proceeding which is pending or commenced in the Court before, on, or after, the Commencement Date. (4) Words and expressions in these Regulations which are also used in the Insolvency Practitioners\u2019 Regulations 2018 shall have the same meaning in these Regulations as they have in the Insolvency Practitioners\u2019 Regulations 2018.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Remuneration of official liquidators With effect from the Commencement Date, paragraph 15(1) of the Insolvency Practitioners\u2019 Regulations 2018 shall be amended as follows: \u201c(1) In the event that an official liquidator agrees to be remunerated upon a time spent basis, it shall be a term of the remuneration that \u2013 (a) the official liquidator and his firm shall not be obliged to accept less than the minimum hourly rates prescribed in Part A of the Schedule or where the Insolvency Practitioners\u2019 (Amendment) Regulations 2022 apply, the Schedule thereto; and (b) the liquidation committee shall not be authorised to agree to pay more than the maximum hourly rates prescribed in Part A of the Schedule or where the Insolvency Practitioners\u2019 (Amendment) Regulations 2022 apply in the Schedule thereto; and (c) the agreed scale of hourly rates shall apply, in the first instance, to the period from the date of the winding up order until 31st December and, thereafter, the scale of hourly rates shall be reviewed and re-negotiated annually with the effect from 1st January each year.\u201d\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Schedule of Prescribed Hourly Rates of Remuneration With effect from the Commencement Date, the prescribed minimum and maximum hourly rates of remuneration for work performed: IP(A)R 2022 (1) on or after the Commencement Date shall be those set out in the Schedule hereto; and (2) before the Commencement Date shall be those set out in the Schedule to the Insolvency Practitioners\u2019 Regulations 2018. 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and\n(b) the liquidation committee shall not be authorised to agree to pay more than the\nmaximum hourly rates prescribed in Part A of the Schedule or where the Insolvency\nPractitioners\u2019 (Amendment) Regulations 2022 apply in the Schedule thereto; and\n(c) the agreed scale of hourly rates shall apply, in the first instance, to the period\nfrom the date of the winding up order until 31st December and, thereafter, the scale\nof hourly rates shall be reviewed and re-negotiated annually with the effect from 1st\nJanuary each year.\u201d\n3.\nSchedule of Prescribed Hourly Rates of Remuneration\nWith effect from the Commencement Date, the prescribed minimum and maximum hourly\nrates of remuneration for work performed:\n\nIP(A)R 2022\n\n(1)\non or after the Commencement Date shall be those set out in the Schedule hereto;\nand\n(2)\nbefore the Commencement Date shall be those set out in the Schedule to the\nInsolvency Practitioners\u2019 Regulations 2018.\n\nMade by the Insolvency Rules Committee on the 22 day of July 2022.\n\nThe Honourable Nicholas Segal, Chairman\nThe Honourable Samuel Bulgin QC, Attorney General\nColin McKie QC, Legal Practitioner\nColette Wilkins QC, Legal Practitioner\nEleanor Fisher, Insolvency Practitioner\nJude Scott\n\nIP(A)R 2022\n\nSCHEDULE\nPRESCRIBED RATES OF REMUNERATION FOR OFFICIAL LIQUIDATORS\nWith effect from 1 September 2022\nPart A: Scale of hourly rates (expressed in US$)\n\nGrade of Staff\nMinimum\nMaximum\n1.  Official Liquidator and any\nPartner\n570\n1075\n2.  Consultant\n330\n1075\n3.  Director or Principal\n510\n815\n4.  Senior Manager\n420\n680\n5.  Manager or Assistant Manager\n330\n570\n6.  Senior or Senior Accountant\n240\n415\n7.  Administrator\n60\n240\n\nIP(A)R 2022","akn_extracted_at":"2026-06-22 15:41:42.711726+00","cms_id":"2022-0032","law_type":"amending","year":"2022","number":"32","title":"Insolvency Practitioners' (Amendment) Regulations, 2022","status":"spent"},"provenance":{"files":[{"file_id":"6800","expr_id":"2019","kind":"akn_xml","filename":"2022-0032.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2022\/2022-0032\/2022-0032.akn.xml","content_md5":"9d9c2f73fa05be92dbceeecdb1a2397c","byte_size":"6602","http_last_modified":null,"fetched_at":"2026-06-22 15:41:42.83521+00"},{"file_id":"4037","expr_id":"2019","kind":"pristine_pdf","filename":"2022-0032.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2022\/2022-0032\/2022-0032.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/AMENDING\/2022\/2022-0032\/2022-0032.pdf","content_md5":"09304ec72f34be468d028df2363eac78","byte_size":"424648","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.164043+00"},{"file_id":"4038","expr_id":"2019","kind":"working_pdf","filename":"2022-0032.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2022\/2022-0032\/2022-0032.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2022\/2022-0032\/2022-0032.pdf","content_md5":"09304ec72f34be468d028df2363eac78","byte_size":"424648","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.164043+00"}],"paragraph_count":8,"latest_history":null},"quality":{"expr_id":"2019","doc_id":"2019","quality_state":"needs_review","quality_score":"92","needs_human_review":"t","deterministic_categories":"{commencement_metadata_problem,page_header_footer_noise}","llm_categories":"{}","repair_actions":"{strip_page_furniture,verify_commencement_metadata}","finding_severity_counts":"{\"low\": 2}","finding_summary":"repeated line furniture detected: ip a r 2022 x3; commencement language is visible but no commencement\/version date is stored","assessed_at":"2026-06-22 15:29:46.44221+00","updated_at":"2026-06-22 15:29:46.44221+00"}}