Northern Ireland Statutory Rule SI 2026/11 United Kingdom

The Payment and Electronic Money Institution Insolvency (Northern Ireland) Rules 2026

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Director or Officer2 Applicant1 Trader1

Plus 2 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties
Applicant — also bound by 307 other Acts
Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.rule 104 New administrator appointed Regulated
  • Old administrator must pass claims to new administratorDirector or Officer
s.rule 122 New administrator appointed Regulated
  • Former administrator must transfer debt proofs to new administratorDirector or Officer
s.rule 149 Secured creditors Regulated
  • Repay excess dividend after revaluing security as a secured creditorTrader
s.rule 201 Form and contents of application Regulated
  • Ensure applications under insolvency rules are in writing and contain required informationApplicant
s.rule 42 Requisition of meetings Regulated
Other duties (1) — Crown / regulator
  • Administrator must hold requisitioned meeting within 28 days and notify FCAStatutory regulator
s.rule 52 Calculation of voting rights (creditors) Regulated
Other duties (1) — Crown / regulator
  • Calculate creditor voting rights using claim values and set-offsTribunal / Court
287 other provisions — procedural and definitional
s.rule 1 Citation
s.rule 10 Proof of service
s.rule 100 Allocation of expenses to be paid from the relevant funds
s.rule 101 Content of relevant funds claim
s.rule 102 Debt in a foreign currency
s.rule 103 Costs of making a claim
s.rule 105 Admission and rejection of relevant funds claim
s.rule 106 Appeal against decision on relevant funds claim
s.rule 107 Withdrawal or variation of relevant funds claim
s.rule 108 Exclusion of relevant funds claim by the court
s.rule 109 Notice of the bar date
s.rule 11 Further notification
s.rule 110 Notifying potential claimants after bar date has passed
s.rule 111 Distribution plan
s.rule 112 Approval by the creditors’ committee
s.rule 113 Approval by the court
s.rule 114 Treatment of late claimants
s.rule 115 Distribution to creditors
s.rule 116 Debts of institution to rank equally
s.rule 117 Supplementary provisions as to dividend
s.rule 118 Division of unsold assets
s.rule 119 Proving a debt
s.rule 12 The hearing
s.rule 120 Costs of proving
s.rule 121 Administrator to allow inspection of proofs
s.rule 123 Admission and rejection of proofs for dividend
s.rule 124 Appeal against decision on proof
s.rule 125 Withdrawal or variation of proof
s.rule 126 Exclusion of proof by the court
s.rule 127 Estimate of quantum
s.rule 128 Negotiable instruments
s.rule 129 Secured creditors
s.rule 13 The special administration order
s.rule 130 Discounts
s.rule 131 Mutual credit and set-off
s.rule 132 Debt in a foreign currency
s.rule 133 Payments of a periodical nature
s.rule 134 Interest
s.rule 135 Debt payable at a future time
s.rule 136 Value of security
s.rule 137 Surrender for non-disclosure
s.rule 138 Redemption by administrator
s.rule 139 Test of security’s value
s.rule 14 Costs
s.rule 140 Realisation of security by creditor
s.rule 141 Notice of proposed distribution
s.rule 142 Admission or rejection of proofs
s.rule 143 Postponement or cancellation of dividend
s.rule 144 Declaration of a dividend
s.rule 145 Notice of declaration of a dividend
s.rule 146 Payments of dividend and related matters
s.rule 147 Notice of no dividend or no further dividend
s.rule 148 Proof altered after payment of dividend
s.rule 15 Notice of special administration order
s.rule 150 Disqualification from dividend
s.rule 151 Assignment of right to dividend
s.rule 152 Debt payable at a future time
s.rule 153 General powers
s.rule 154 Powers of disclaimer
s.rule 155 Communication of disclaimer to persons interested
s.rule 156 Additional notices
s.rule 157 Records
s.rule 158 Application by interested party
s.rule 159 Interest in property to be declared on request
s.rule 16 Notification and advertisement of administrator’s appointment
s.rule 160 Disclaimer presumed valid and effective
s.rule 161 Application for the exercise of court’s powers under Article 155
s.rule 162 Fixing of remuneration
s.rule 163 Recourse to meeting of creditors and customers
s.rule 164 Recourse to the court
s.rule 165 Creditors’ and customers’ request for further information
s.rule 166 Claim that remuneration is excessive
s.rule 167 Review of remuneration
s.rule 168 Remuneration of new administrator
s.rule 169 Apportionment of set fee remuneration
s.rule 17 Notice requiring statement of affairs
s.rule 170 Grounds for resignation
s.rule 171 Notice of intention to resign
s.rule 172 Notice of resignation
s.rule 173 Application to court to remove administrator from office
s.rule 174 Notice of vacation of office when administrator ceases to be qualified
s.rule 175 Administrator deceased
s.rule 176 Application to replace
s.rule 177 Notification and advertisement of appointment of replacement administrator
s.rule 178 Notification and advertisement of appointment of joint administrator
s.rule 179 Notification of new administrator
s.rule 18 Statement of affairs: content
s.rule 180 Administrator’s duties on vacating office
s.rule 181 Final progress reports
s.rule 182 Application to court by administrator
s.rule 183 Application to court by creditor
s.rule 184 Notification by administrator of court order
s.rule 185 Moving from special administration to dissolution
s.rule 186 Principal court rules and practice to apply
s.rule 187 Shorthand writers — nomination, appointment, remuneration and costs
s.rule 188 Court file
s.rule 189 Office copies of documents
s.rule 19 Details of the asset pool, safeguarding measures and reconciliation
s.rule 190 Payments into court
s.rule 191 Further information and discovery
s.rule 192 Affidavits — general
s.rule 193 Filing and service of affidavits
s.rule 194 Evidence provided by the administrator
s.rule 195 Application of Chapter
s.rule 196 Service of court documents within the jurisdiction
s.rule 197 Service of court documents outside jurisdiction
s.rule 198 Service of orders staying proceedings
s.rule 199 Service on joint office-holders
s.rule 2 Commencement
s.rule 20 Verification, filing and affidavit
s.rule 200 Application of Chapter
s.rule 202 Filing and service of application
s.rule 203 Directions
s.rule 204 Hearings without notice
s.rule 205 Hearing of application
s.rule 206 Adjournment of the hearing of an application
s.rule 207 Application of Chapter
s.rule 208 Applications under Article 150A(5) to disapply Article 150A
s.rule 209 Notice of application under Article 150A(5)
s.rule 21 Limited disclosure
s.rule 210 Notice of an order under Article 150A(5)
s.rule 211 Application of Article 200 of the I (N.I.) O 1989
s.rule 212 Form and contents of application
s.rule 213 Order for examination etc.
s.rule 214 Procedure for examination
s.rule 215 Record of examination
s.rule 216 Costs of proceedings under Article 200 of the I (N.I.) O 1989
s.rule 217 Application of Chapter 8
s.rule 218 Appointment of another person to act
s.rule 219 Affidavit in support of application
s.rule 22 Release from duty to submit statement of affairs
s.rule 220 Service of notices following appointment
s.rule 221 Formal defects
s.rule 222 Application of Chapter 10
s.rule 223 Requirement to tax costs
s.rule 224 Procedure where taxation is required
s.rule 225 Costs paid otherwise than out of the institution’s estate
s.rule 226 Award of costs against the administrator
s.rule 227 Applications for costs
s.rule 228 Costs and expenses of witnesses
s.rule 229 Final costs certificate
s.rule 23 Expenses of statement of affairs
s.rule 230 Enforcement of court orders
s.rule 231 Orders enforcing compliance with these Rules
s.rule 232 Warrants (general provisions)
s.rule 233 Warrants under Article 200
s.rule 234 Application of Chapter 12
s.rule 235 Appeals and reviews of court orders
s.rule 236 Procedure on appeal
s.rule 237 Appeal against decision of the Secretary of State
s.rule 238 Preliminary
s.rule 239 Application for permission under Article 180(3)
s.rule 24 Submission of accounts
s.rule 240 First excepted case
s.rule 241 Second excepted case
s.rule 242 Third excepted case
s.rule 243 Costs, expenses etc
s.rule 244 Provable debts
s.rule 245 False representation of status for purpose of inspecting documents
s.rule 246 Punishment of offences
s.rule 247 Application
s.rule 248 Personal delivery
s.rule 249 Postal delivery of documents
s.rule 25 Administrator’s proposals
s.rule 250 Notice etc to authorised recipients
s.rule 251 Application
s.rule 252 The form
s.rule 253 Proof of sending
s.rule 254 Authentication
s.rule 255 Electronic delivery — general
s.rule 256 Electronic delivery by administrator
s.rule 257 Use of websites by administrator
s.rule 258 General use of websites to deliver notices and other documents
s.rule 259 Electronic delivery of special administration documents to court
s.rule 26 Limited disclosure of the statement of proposals
s.rule 260 Notice etc to joint administrators
s.rule 261 Execution overtaken by judgment debtor’s insolvency
s.rule 262 Notice to the Enforcement of Judgments Office
s.rule 263 Electronic submission of information
s.rule 264 Contents of notices to be gazetted
s.rule 265 Gazette notices relating to an institution that is a company
s.rule 266 Omission of unobtainable information
s.rule 267 The Gazette — general
s.rule 268 Content of notices advertised other than in the Gazette
s.rule 269 Non-Gazette notice relating to an institution that is a company
s.rule 27 Initial meeting
s.rule 270 Non-Gazette notices — other provisions
s.rule 271 Application of Chapter 4
s.rule 272 Information to be contained in all notifications to the registrar of companies
s.rule 273 Notification relating to the administrator
s.rule 274 Notifications relating to documents
s.rule 275 Notifications relating to court orders
s.rule 276 Notifications relating to other events
s.rule 277 Notifications of more than one nature
s.rule 278 Notifications made to other persons at the same time
s.rule 279 Confidentiality of documents — grounds for refusing inspection
s.rule 28 Notice to officers
s.rule 280 Right to copy documents
s.rule 281 Charges for copy documents
s.rule 282 Right to have list of creditors
s.rule 283 Time limits
s.rule 284 Administrator’s security
s.rule 285 Proceedings commenced in the wrong division of the High Court
s.rule 286 Proceedings other than special administration commenced
s.rule 287 Introduction
s.rule 288 “The High Court” and “the Master”
s.rule 289 Remote attendance at meetings and place
s.rule 29 Business of the initial meeting
s.rule 290 Insolvent estate
s.rule 291 The appropriate fee
s.rule 292 “Debt” and “liability”
s.rule 293 Application of the I (N.I.) O 1989 and the Company Directors Disqualification (N.I.) Order 2002
s.rule 3 Interpretation
s.rule 30 Adjournment of meeting to approve the statement of proposals
s.rule 31 Revision of the statement of proposals
s.rule 32 Meeting to approve the revised statement of proposals
s.rule 33 Notice to creditors and customers
s.rule 34 Meetings generally
s.rule 35 Venue
s.rule 36 Notice of meeting by individual notice: when and where sent
s.rule 37 Notice of meeting by individual notice: content and accompanying documents
s.rule 38 Notice of meeting by advertisement only
s.rule 39 Content of notice for meetings
s.rule 4 Application of Rules
s.rule 40 Gazetting and advertisement of meetings
s.rule 41 Non-receipt of notice of meeting
s.rule 43 Expenses of requisitioned meetings
s.rule 44 Quorum at meetings
s.rule 45 Chair at meetings
s.rule 46 Adjournment by chair
s.rule 47 Adjournment in absence of chair
s.rule 48 Claims, proofs and proxies in adjournment
s.rule 49 Suspension
s.rule 5 Content of application
s.rule 50 Venue and conduct of company meetings
s.rule 51 Entitlement to vote (creditors)
s.rule 53 Calculation of voting rights: special cases (creditors)
s.rule 54 Procedure for admitting creditors’ claims for voting
s.rule 55 Entitlement to vote (customers)
s.rule 56 Procedure for admitting customers’ relevant funds claims for voting
s.rule 57 Voting at meetings of creditors and customers
s.rule 58 Requisite majorities
s.rule 59 Requisite majorities at contributories’ meetings
s.rule 6 Statement of proposed administrator
s.rule 60 Appeals against decisions under this Chapter
s.rule 61 Correspondence instead of meetings
s.rule 62 Remote attendance at meetings conducted in accordance with Article 208ZA
s.rule 63 Action where person excluded
s.rule 64 Indication to excluded person
s.rule 65 Complaint
s.rule 66 Minutes
s.rule 67 Returns or reports of meetings
s.rule 68 Constitution of creditors’ committee
s.rule 69 Formalities of establishment
s.rule 7 Affidavit in support of application
s.rule 70 Functions and meetings of the creditors’ committee
s.rule 71 The chair at meetings
s.rule 72 Quorum
s.rule 73 Creditors’ committee members’ representatives
s.rule 74 Resignation
s.rule 75 Termination of membership
s.rule 76 Removal
s.rule 77 Vacancies
s.rule 78 Procedure at meetings
s.rule 79 Remote attendance at meetings of creditors’ committee
s.rule 8 Filing of application
s.rule 80 Procedure for requests that a place for a meeting should be specified
s.rule 81 Resolutions of creditors’ committees by post
s.rule 82 Information from administrator
s.rule 83 Expenses of members
s.rule 84 Members dealing with the institution
s.rule 85 Formal defects
s.rule 86 Content of progress report
s.rule 87 Delivering a progress report
s.rule 88 Definition of proxy
s.rule 89 Issue and use of forms
s.rule 9 Service of application
s.rule 90 Use of proxies at meetings
s.rule 91 Retention of proxies
s.rule 92 Right of inspection
s.rule 93 Proxy-holder with financial interest
s.rule 94 Corporate representation
s.rule 95 Application to dispose of charged property
s.rule 96 Expenses of voluntary arrangement
s.rule 97 Expenses to be paid out of the institution’s assets
s.rule 98 Expenses to be paid out of the relevant funds
s.rule 99 Pre-administration costs

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.