Insolvency practitioner sanctions: Duncan Kenric Swift 27 March 2025
On 27 March 2025 a Disciplinary Consent Order was made against Mr Duncan Kenric Swift FCA
Applies to England, Scotland and Wales
Documents
Details
Complaint 1A
On or around 10 January 2019, Mr Duncan Swift FCA, facilitated an engagement letter dated 10 January 2019, between his firm 鈥淎鈥� and 鈥淏鈥� Ltd, a prospective buyer of 鈥淐鈥� in the liquidation of the 鈥淒鈥�, which created a conflict of interest for him in his capacity as a Trustee in Bankruptcy over Mr and Mrs 鈥淴鈥�, compromising his business judgement contrary to section 120 of the Code of Ethics (effective 1 January 2011 to December 2019).
Mr Swift is liable to disciplinary action under Disciplinary Bye Law 4.1a (effective from 14 October 2018 to 13 October 2019).
and/or
Complaint 1B
On or around 10 January 2019, Mr Duncan Swift FCA, failed to recognise that his facilitation of an engagement letter dated 10 January 2019 between his firm 鈥淎鈥� and 鈥淏鈥� Ltd, a prospective buyer of 鈥淐鈥� in the liquidation of the 鈥淒鈥�, created a conflict of interest for him in his capacity as a Trustee in Bankruptcy over Mr and Mrs 鈥淴鈥�, and compromised his business judgement contrary to section 120 of the Code of Ethics (effective 1 January 2011 to December 2019).
Mr Swift is liable to disciplinary action under Disciplinary Bye Law 4.1b (effective from 14 October 2018 to 13 October 2019).
Complaint 2
On 15 January 2019, Mr Duncan Swift FCA, granted a licence to occupy 鈥淐鈥� to 鈥淏鈥� Ltd, when he did not have sufficient right or title to do so contrary to section 120 of the Code of Ethics (effective 1 January 2011 to December 2019). Mr Swift is liable to disciplinary action under Disciplinary Bye Law 4.1b (effective from 15 October 2018 to 13 October 2019)