The Investment Bank Special Administration (England and Wales) Rules 2011

s.rule 1

Citation

s.rule 10

Service of application

s.rule 100

Indication to excluded person

s.rule 101

Complaint

s.rule 102

Minutes

s.rule 103

Returns or reports of meetings

s.rule 104

Constitution of committee

s.rule 105

Formalities of establishment

s.rule 106

Functions and meetings of the committee

s.rule 107

The chair at meetings

s.rule 108

Quorum

s.rule 109

Committee members’ representatives

s.rule 11

Proof of service

s.rule 110

Resignation

s.rule 111

Termination of membership

s.rule 112

Removal

s.rule 113

Vacancies

s.rule 114

Procedure at meetings

s.rule 115

Remote attendance at meetings of creditors’ committee

s.rule 116

Procedure for requests that a place for a meeting should be specified

s.rule 117

Resolutions of creditors’ committees by post

s.rule 118

Information from administrator

s.rule 119

Expenses of members

s.rule 12

Further notification

s.rule 120

Members dealing with the investment bank

s.rule 121

Formal defects

s.rule 122

Content of progress report

s.rule 123

Sending progress report

s.rule 124

Definition of proxy

s.rule 125

Issue and use of forms

s.rule 126

Use of proxies at meetings

s.rule 127

Retention of proxies

s.rule 128

Right of inspection

s.rule 129

Proxy holder with financial interest

s.rule 13

The hearing

s.rule 131

Application to dispose of charged property

s.rule 132

Application in a special administration (bank administration)

s.rule 133

Expenses of voluntary arrangement

s.rule 134

Expenses to be paid out of the investment bank’s assets

s.rule 135

Expenses to be paid out of the client assets

s.rule 136

Pre-administration costs

s.rule 137

Allocation of expenses to be paid from client assets

s.rule 138

Notice of the bar date

s.rule 139

Content of claim for client assets

s.rule 14

The special administration order

s.rule 140

Content of claim in respect of security interest

s.rule 141

Costs of making a claim

s.rule 143

Notifying potential claimants after bar date has passed

s.rule 144

Distribution plan

s.rule 145

Approval by the creditors’ committee

s.rule 146

Approval by the court

s.rule 147

Treatment of late claimants

s.rule 148

Distribution to creditors

s.rule 149

Debts of investment bank to rank equally

s.rule 15

Costs

s.rule 150

Supplementary provisions as to dividend

s.rule 151

Division of unsold assets

s.rule 152

Proving a debt

s.rule 153

Costs of proving

s.rule 154

Administrator to allow inspection of proofs

s.rule 156

Admission and rejection of proofs for dividend

s.rule 157

Appeal against decision on proof

s.rule 158

Withdrawal or variation of proof

s.rule 159

Expunging of proof by the court

s.rule 16

Notice of special administration order

s.rule 160

Estimate of quantum

s.rule 161

Negotiable instruments

s.rule 162

Secured creditors

s.rule 163

Discounts

s.rule 164

Mutual credit and set-off

s.rule 165

Application of rule 164 in a special administration (bank administration) and special administration (bank insolvency)

s.rule 166

Debt in a foreign currency

s.rule 167

Payments of a periodical nature

s.rule 168

Interest

s.rule 169

Debt payable at a future time

s.rule 17

Filing of application

s.rule 170

Value of security

s.rule 171

Surrender for non-disclosure

s.rule 172

Redemption by administrator

s.rule 173

Test of security’s value

s.rule 174

Realisation of security by creditor

s.rule 175

Notice of proposed distribution

s.rule 176

Admission or rejection of proofs

s.rule 177

Postponement or cancellation of dividend

s.rule 178

Declaration of a dividend

s.rule 179

Notice of declaration of a dividend

s.rule 18

Service of application

s.rule 180

Payments of dividend and related matters

s.rule 181

Notice of no dividend or no further dividend

s.rule 182

Proof altered after payment of dividend

s.rule 183

Secured creditors

s.rule 184

Disqualification from dividend

s.rule 185

Assignment of right to dividend

s.rule 186

Debt payable at a future time

s.rule 187

General powers

s.rule 188

Powers of disclaimer

s.rule 189

Communication of disclaimer to persons interested

s.rule 19

Proof of service

s.rule 190

Additional notices

s.rule 191

Records

s.rule 192

Application by interested party

s.rule 193

Interest in property to be declared on request

s.rule 194

Disclaimer presumed valid and effective

s.rule 195

Application for the exercise of court’s powers under section 181

s.rule 196

Fixing of remuneration

s.rule 197

Remuneration (special administration (bank insolvency))

s.rule 198

Remuneration (special administration (bank administration)

s.rule 199

Recourse to meeting of creditors and clients

s.rule 2

Commencement

s.rule 20

Other persons to receive copy of application

s.rule 200

Recourse to the court

s.rule 201

Creditors’ and clients’ request for further information

s.rule 202

Claim that remuneration is excessive

s.rule 203

Review of remuneration

s.rule 204

Remuneration of new administrator

s.rule 205

Apportionment of set fee remuneration

s.rule 206

Grounds for resignation

s.rule 207

Notice of intention to resign

s.rule 208

Notice of resignation

s.rule 209

Application to court to remove administrator from office

s.rule 21

Verification of application

s.rule 210

Notice of vacation of office when administrator ceases to be qualified

s.rule 211

Administrator deceased

s.rule 212

Application to replace (special administration)

s.rule 213

Application to replace (special administration (bank insolvency))

s.rule 214

Application to replace (special administration (bank administration))

s.rule 215

Notification and advertisement of appointment of replacement administrator

s.rule 216

Notification and advertisement of appointment of joint administrator

s.rule 217

Additional joint administrator (special administration (bank administration))

s.rule 218

Notification of new administrator

s.rule 219

Administrator’s duties on vacating office

s.rule 22

Persons entitled to copy of application

s.rule 220

Final progress reports

s.rule 221

Application to court by administrator

s.rule 222

Application to court by creditor

s.rule 223

Notification by administrator of court order

s.rule 224

Moving from administration to dissolution

s.rule 225

Principal court rules and practice to apply

s.rule 226

Shorthand writers – nomination, appointment, remuneration and costs

s.rule 227

Court file

s.rule 228

Office copies of documents

s.rule 229

Payments into court

s.rule 230

Further information and disclosure

s.rule 231

Witness statements – general

s.rule 232

Filing and service of witness statements

s.rule 233

Evidence provided by the administrator

s.rule 234

Application of Chapter

s.rule 235

Service of court documents within the jurisdiction

s.rule 236

Service of court documents outside jurisdiction

s.rule 237

Service of orders staying proceedings

s.rule 238

Service on joint office-holders

s.rule 239

Application of Chapter

s.rule 24

Leave for the applicant to withdraw

s.rule 240

Form and contents of application

s.rule 241

Filing and service of application

s.rule 242

Directions

s.rule 243

Hearings without notice

s.rule 244

Hearing of application

s.rule 245

Adjournment of the hearing of an application

s.rule 246

Application of Chapter

s.rule 247

Applications under section 176A(5) to disapply section 176A

s.rule 248

Notice of application under section 176A(5)

s.rule 249

Notice of an order under section 176A(5)

s.rule 25

Witness statement in opposition

s.rule 250

Application of following rules

s.rule 251

Form and contents of application

s.rule 252

Order for examination etc.

s.rule 253

Procedure for examination

s.rule 254

Record of examination

s.rule 255

Costs of proceedings under section 236

s.rule 256

Application of Chapter 8

s.rule 257

Appointment of another person to act

s.rule 258

Witness statement in support of application

s.rule 259

Service of notices following appointment

s.rule 26

Making, transmission and advertisement of order

s.rule 260

Formal defects

s.rule 261

Application of Chapter 10

s.rule 262

Requirement to assess costs by the detailed procedure

s.rule 263

Procedure where detailed assessment is required

s.rule 264

Costs of officers charged with execution of writs or other process

s.rule 265

Costs paid otherwise than out of the investment bank’s estate

s.rule 266

Award of costs against the administrator

s.rule 267

Applications for costs

s.rule 268

Costs and expenses of witnesses

s.rule 269

Final costs certificate

s.rule 27

Special administration (bank insolvency) order

s.rule 270

Enforcement of court orders

s.rule 271

Orders enforcing compliance with the Rules

s.rule 272

Warrants (general provisions)

s.rule 273

Warrants under section 236

s.rule 274

Application of Chapter 12

s.rule 275

Appeals and reviews of court orders

s.rule 276

Procedure on appeal

s.rule 277

Appeal against decision of the Secretary of State

s.rule 278

Preliminary

s.rule 279

Application for permission under section 216(3)

s.rule 28

Authentication of administrator’s appointment

s.rule 280

First excepted case

s.rule 281

Second excepted case

s.rule 282

Third excepted case

s.rule 283

Costs, expenses etc

s.rule 284

Provable debts

s.rule 285

False claim of status as creditor, etc

s.rule 286

Punishment of offences

s.rule 287

Application

s.rule 288

Personal delivery

s.rule 289

Postal delivery of documents

s.rule 29

Duties of Objective A committee

s.rule 290

Notice etc to solicitors

s.rule 291

Application

s.rule 292

The form

s.rule 293

Proof of sending

s.rule 294

Authentication

s.rule 295

Electronic delivery - general

s.rule 296

Electronic delivery by administrator

s.rule 297

Use of websites by administrator

s.rule 298

Special provision on account of expense as to website use

s.rule 299

Electronic delivery of special administration documents to court

s.rule 3

Extent

s.rule 30

Appointment of person under section 135

s.rule 300

Notice etc to joint administrators

s.rule 301

Execution overtaken by judgment debtor’s insolvency

s.rule 302

Notice to enforcement officers

s.rule 303

Electronic submission of information

s.rule 304

Electronic submission of information where rule 303 does not apply

s.rule 305

Contents of notices to be gazetted

s.rule 306

Gazette notices relating to companies

s.rule 307

Omission of unobtainable information

s.rule 308

The Gazette – general

s.rule 309

Notices otherwise advertised under the Regulations or Rules

s.rule 31

Notice of appointment

s.rule 310

Non-Gazette notices

s.rule 311

Non-Gazette notices – other provisions

s.rule 312

Application of Chapter 4

s.rule 313

Information to be contained in all notifications to the registrar

s.rule 314

Notification relating to the administrator

s.rule 315

Notifications relating to documents

s.rule 316

Notifications relating to court orders

s.rule 317

Notifications relating to other events

s.rule 318

Notifications of more than one nature

s.rule 319

Notifications made to other persons at the same time

s.rule 32

Order of appointment

s.rule 320

Confidentiality of documents – grounds for refusing inspection

s.rule 321

Right to copy documents

s.rule 322

Charges for copy documents

s.rule 323

Right to have list of creditors

s.rule 324

Time limits

s.rule 325

Administrator’s security

s.rule 326

Proceedings commenced in the wrong court

s.rule 327

Proceedings other than special administration commenced

s.rule 328

Introduction

s.rule 329

“The court”; “the registrar”

s.rule 33

Security

s.rule 330

Venue

s.rule 331

Insolvent estate

s.rule 332

The appropriate fee

s.rule 333

“Debt”; “liability”

s.rule 334

Application of the 1986 Act and the Company Directors Disqualification Act

s.rule 34

Failure to give or keep up security

s.rule 35

Remuneration

s.rule 36

Termination of appointment

s.rule 37

Content of application

s.rule 38

Statement of proposed administrator

s.rule 39

Bank of England witness statement

s.rule 4

Interpretation

s.rule 40

Filing

s.rule 41

Service

s.rule 42

Other notification

s.rule 43

Venue

s.rule 44

Hearing

s.rule 45

Special administration (bank administration) order

s.rule 46

Costs

s.rule 47

Notice of order

s.rule 48

Remuneration of the administrator

s.rule 49

Appointment of person under section 135

s.rule 5

Application of rules

s.rule 50

Order of appointment

s.rule 51

Notification and advertisement of administrator’s appointment

s.rule 52

Notice requiring statement of affairs

s.rule 53

Details of the client assets held by the investment bank

s.rule 54

Verification and filing

s.rule 55

Limited disclosure

s.rule 56

Release from duty to submit statement of affairs

s.rule 57

Expenses of statement of affairs

s.rule 58

Submission of accounts

s.rule 59

Administrator’s proposals

s.rule 6

Content of application

s.rule 60

Limited disclosure of the statement of proposals

s.rule 61

Initial meeting

s.rule 62

Notice to officers

s.rule 63

Business of the initial meeting

s.rule 64

Adjournment of meeting to approve the statement of proposals

s.rule 65

Revision of the statement of proposals

s.rule 66

Meeting to approve the revised statement of proposals

s.rule 67

Notice to creditors and clients

s.rule 68

Meetings generally

s.rule 69

Venue

s.rule 7

Statement of proposed administrator

s.rule 70

Notice of meeting by individual notice: when and where sent

s.rule 71

Notice of meeting by individual notice: content and accompanying documents

s.rule 72

Notice of meeting by advertisement only

s.rule 73

Content of notice for meetings

s.rule 74

Gazetting and advertisement of meetings

s.rule 75

Non-receipt of notice of meeting

s.rule 76

Requisition of meetings

s.rule 77

Expenses of requisitioned meetings

s.rule 78

Quorum at meetings

s.rule 79

Chair at meetings

s.rule 8

Witness statement in support of application

s.rule 80

Adjournment by chair

s.rule 81

Adjournment in absence of chair

s.rule 82

Claims, proofs and proxies in adjournment

s.rule 83

Suspension

s.rule 84

Venue and conduct of company meetings

s.rule 85

Entitlement to vote (creditors)

s.rule 86

FSCS and voting rights

s.rule 88

Calculation of voting rights: special cases (creditors)

s.rule 89

Procedure for admitting creditors’ claims for voting

s.rule 9

Filing of application

s.rule 91

Calculation of voting rights (clients)

s.rule 92

Procedure for admitting clients’ claims for voting

s.rule 93

Voting at meetings of creditors and clients

s.rule 94

Requisite majorities

s.rule 95

Requisite majorities at contributories’ meetings

s.rule 96

Appeals against decisions under this Chapter

s.rule 98

Remote attendance at meetings conducted in accordance with section 246A

s.rule 99

Action where person excluded