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

To ask Her Majesty's Government what plans they have to address the Pre Pack Pool Oversight Group’s suggestion that the Pre Pack Pool is “unsustainable” unless referrals of pre-pack sales to the Pool are made mandatory.

There has been a very low number of referrals to the Pre-Pack Pool which was set up by industry to provide opinions on a voluntary basis on pre-pack sales in administration to connected parties.

However, the Government continues to work with regulators and industry stakeholders to discuss options for strengthening the professional standards for insolvency practitioners to give greater assurance to creditors where a sale is to a connected party.