Begbies Regulatory News (BEG)

Begbies Traynor Group plc

Re: OFT Study

Begbies Traynor Group plc ("the Group"), the specialist professional services consultancy, welcomes the OFT's study of the corporate insolvency practitioners market issued yesterday and agrees with the OFT's conclusion that this market works well in the majority of insolvency cases.

The study recommends changes to the regulatory system and, as a leading specialist in the insolvency market that is committed to delivering high professional standards, the Group's Insolvency practice supports a clear, consistent regulatory regime which engenders public trust and ensures that standards are upheld across the industry.

The OFT has suggested that the Department for Business, Innovation and Skills consults on whether to take its recommendations forward and we will be delighted to contribute to this consultation.

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Information on Begbies Traynor Group can be accessed via the Group's website at www.begbies-traynorgroup.com