Which agency assists in regulating Insolvency Professionals?

The correct answer is that Insolvency Professional Agencies assist in regulating Insolvency Professionals. These agencies are specifically mandated to oversee the conduct and functioning of insolvency professionals in accordance with the framework established under the Insolvency and Bankruptcy Code (IBC). They ensure that insolvency professionals adhere to the prescribed professional standards, code of ethics, and conduct necessary for the effective execution of the insolvency resolution process.

Insolvency Professional Agencies also play a crucial role in promoting the profession of insolvency by facilitating training, issuing licenses, and maintaining a registry of insolvency professionals. This regulatory structure helps maintain integrity and professionalism in the field, ultimately leading to more effective and fair insolvency resolutions.

The other options relate to broader regulatory functions or support systems, but they do not have the specific role of regulating insolvency professionals. The Ministry of Finance oversees financial regulations but is not directly involved in the regulation of insolvency professionals. The Judicial Authority focuses on adjudicating insolvency cases rather than regulating professionals. The Legal Aid Bureau provides support in legal assistance but does not play a role in regulating insolvency processes or professionals.