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Going into practice

Are you considering a move into practice for the first time? Please see the following helpsheet for an overview of the relevant requirements. Further information is set out below.

Going into practice - introduction, certificates and authorisation

Practising Certificates

The Professional Standards Department have a dedicated webpage, setting out the requirements for Practising Certificates. To establish whether you need a Practising Certificate, please refer to Chapter 5 of the Public Practice Regulations (chapter 5) and the Guidance on Public Practice Regulations (part B.5 and schedule C.1).

To apply for a Practising Certificate, please see here for application forms and fee scales.

What other authorisations may be needed?

Specific permission or authorisation may be required if your practice intends to carry out audit, investment business or insolvency. Please click on the relevant links for details.

Professional Indemnity Insurance (PII)

PII requirements are set out the Professional Standards Department’s PII webpage. The level of cover and other requirements are set out in the Public Practice Regulations (chapter 7) and the Guidance on Public Practice Regulations (Part B.7 and C.4).

The helpsheet below includes a list of specialist PII providers:

Going into practice - professional indemnity insurance specialists

Special discounted rate

Practice Consulting offers a consultation at a specially discounted rate of €100 to members who are considering a move into practice, but have not taken the first step.

Please contact Practice Consulting if you wish to avail of this offer.

Practice Consulting have put together the following helpsheets which contain a wealth of information to assist you with your move into practice:

Going into practice - practice business plan

Going into practice - running a successful practice

Going into practice - recommended reading

Going into practice - useful contacts and information