Background
nara was formed in 1995 by a group of professionals from the property, legal, and insolvency disciplines, concerned at what was perceived to be a lack of standards by some practitioners when undertaking fixed charge or Law of Property Act receivership appointments.

Since this work specifically refers to insolvency outside the scope of the Insolvency Act 1986 and the definition of administrative receivers which that Act contains, it was decided to adopt the name Non-Administrative Receivers Association, or nara for short. Following the Enterprise Act in 2002, which removed the title of ‘Administrative’ receiver, for clarification, we now have the sub-heading “Association of Property and Fixed Charge Receivers.”

The Association is multi-disciplinary and its membership is drawn from a broad range of professionals including accountants, surveyors and valuers, insolvency practitioners, and lawyers. Its Council is drawn from leading members of the combined professions across the country and their expertise has produced a structure for insolvency for insolvency work of this type.

The Association has a detailed Code of Practice and Guidance Notes to which all of its members have agreed to adhere. We promote training of our members and during the current year are providing a substantial number of training hours. We also publish a regular newsletter, which is widely circulated not only to members but also within the banking fraternity, from whom we have received the fullest support.

nara fully endorses the concept of regulation and played a pivotal role in developing the scheme for voluntary licensing of fixed charge receivers. This resulted in teh launch on 1 June 1999 of the Registered Property Receivers Scheme as a joint initiative between the RICS and the IPA, now joined by the ACCA.

nara represents members' interests at the interface with Government, the DTI, the Insolvency Service, and other external agencies, and is now firmly established as the leading voice for fixed charge receivers.

Our Terms of Reference
1. To represent and support the members of nara by providing professional updates, articles, newsletter, training, and best practice and standards for fixed charge property receivership, and to promote the benefits of joining nara to others engaged in property and other fixed charge receivership.
2. To promote the Registered Property Receivership (RPR) scheme and the use of RPRs in fixed charge property receiverships to members of nara and to prospective appointors.
3. To provide advice and support to the JRC in respect of the syllabus, training and qualification of new RPRs.

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