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.
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 (page 35 onwards) 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 such services as audit or investment business.
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 6) and the Guidance on Public Practice Regulations (Part B.6 and C.4).
The helpsheet below includes a list of specialist PII providers:
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 - useful contacts and information
Going into Practice courses
Attending a Going into Practice Day course is a condition of obtaining a Practising Certificate. The 2025 dates for the online Going into Practice Day are Friday 28 March and Friday 26 September 2025.
Documents have been created to assist you in relation to various regulatory processes and obligations regarding Quality Assurance.
Was this article helpful?
LOADING...