Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, which body has responsibility for monitoring the good governance of the recognised professional bodies.

The Insolvency Service, an executive agency of the Department of Business, Energy and Industrial Strategy, regulates the Recognised Professional Bodies on behalf of my rt. hon. Friend the Secretary of State.

The Recognised Professional Bodies, when discharging their regulatory functions, are required to act in a way which is compatible with statutory regulatory objectives. The Insolvency Service has a range of powers exercisable against the Recognised Professional Bodies if these objectives are not met.