The Department for the Economy has made a Statutory Rule entitled "The Insolvency Practitioners (Amendment and Transitional Provisions) Regulations (Northern Ireland) 2025 " (S.R. 2025 No. 177) which comes into operation on 9th December 2025.

The purpose of the regulations is to amend existing minimum requirements for insolvency practitioner bonding, which is a form of security to protect creditors from losses caused by the fraud or dishonesty of insolvency practitioners during the course of their duties when appointed to an insolvency case (known as acting as an office-holder). The rule updates the monetary and other thresholds relating to bonding cover, including clarifying what the bond should cover. The bonding framework protects and benefits creditors through pay-outs where a bond claim is made, and this rule modernises that framework.

This Rule may be purchased from the Stationery Office at www.tsoshop.co.uk or by contacting TSO Customer Services on 0333 202 5070, or viewed online at http://www.legislation.gov.uk/nisr