| Guvnor

Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Director or Officer4 Trader1

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

Insolvency (England and Wales) Rules 2016 162 duties

Companies Act 2006 126 duties

Insolvency Act 1986 77 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 68 duties

Building Societies Act 1986 32 duties

Trader — also bound by 825 other Acts

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 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 118 New administrator appointed Regulated

Former administrator must transfer claims to new administratorDirector or Officer

s.rule 126 Statement of claim Regulated

Submit a detailed statement of claim in investment bank special administrationTrader

s.rule 130 New administrator appointed Regulated

Transfer creditors' claims when a new administrator is appointedDirector or Officer

s.rule 189 Disposal of investment bank’s books, papers and other records Regulated

Dispose of investment bank records after dissolutionDirector or Officer

s.rule 68 Entitlement to vote (clients) Regulated

Administrator must notify clients of shortfall in client assetsDirector or Officer

189 other provisions — procedural and definitional

s.rule 1 Citation

s.rule 10 Expenses

s.rule 100 Sending progress report

s.rule 101 Definition of “proxy”

s.rule 102 Form of proxy

s.rule 103 Use of proxy at a meeting

s.rule 104 Retention of proxies

s.rule 105 Right of inspection

s.rule 106 Proxy holder with financial interest

s.rule 107 Representation of corporations

s.rule 108 Application to dispose of secured property

s.rule 109 Application in a special administration (bank administration)

s.rule 11 Notice of special administration order

s.rule 110 Order of priority of expenses of the special administration

s.rule 111 Expenses to be paid out of the client assets

s.rule 112 Pre-administration costs

s.rule 113 Allocation of expenses to be paid from client assets

s.rule 114 Notice of the bar date

s.rule 115 Content of claim for client assets

s.rule 116 Content of claim in respect of security interest

s.rule 117 Costs of making a claim

s.rule 119 Notifying potential claimants after bar date has passed

s.rule 12 Application for a special administration (bank insolvency) order

s.rule 120 Distribution plan

s.rule 121 Approval by the creditors’ committee

s.rule 122 Approval by the court

s.rule 123 Treatment of late claimants

s.rule 124 Application of Part 6

s.rule 125 Submission of claim

s.rule 127 Application of the 1985 Act in relation to creditor’s claims

s.rule 128 Claims in foreign currency

s.rule 129 Administrator to allow inspection of proofs

s.rule 13 Persons entitled to copy of application

s.rule 131 Order of priority of distribution

s.rule 132 Application of 1985 Act in relation to distribution of assets

s.rule 133 Payment of dividends

s.rule 134 Rights of eligible depositors and set-off

s.rule 135 Remuneration of administrator

s.rule 136 Administrator’s application to increase remuneration

s.rule 137 Grounds for resignation

s.rule 138 Notice of intention to resign

s.rule 139 Notice of resignation

s.rule 14 Appointment of administrator by the court

s.rule 140 Application to court to remove administrator from office

s.rule 141 Incapacity of administrator to act through death or otherwise

s.rule 142 Application to replace (special administration)

s.rule 143 Application to replace (special administration (bank insolvency))

s.rule 144 Application to replace (special administration (bank administration))

s.rule 145 Notification and advertisement of appointment of replacement administrator

s.rule 146 Notification and advertisement of appointment of joint administrator

s.rule 147 Additional joint administrator (special administration (bank administration))

s.rule 148 Administrator’s duties on vacating office

s.rule 149 Final progress report

s.rule 15 Authentication of the administrator’s appointment

s.rule 150 Application to court by administrator

s.rule 151 Application to court by creditor

s.rule 152 Notification by administrator of court order

s.rule 153 Moving from administration to dissolution

s.rule 154 Applications under section 176A(5) of the 1986 Act to disapply section 176A

s.rule 155 Notice of an order under section 176A(5) of the 1986 Act

s.rule 156 Power of court to cure defects

s.rule 157 Preliminary

s.rule 158 Application for leave under section 216(3) of the 1986 Act

s.rule 159 First excepted case

s.rule 16 Duties of Objective A committee

s.rule 160 Second excepted case

s.rule 161 Third excepted case

s.rule 162 Fees and expenses

s.rule 163 Punishment of offences

s.rule 164 Application of Chapter 2

s.rule 165 Giving of notices

s.rule 166 Sending by post

s.rule 167 Certificate of giving notice

s.rule 168 Authentication

s.rule 169 Electronic delivery

s.rule 17 Appointment of person under section 135 of the 1986 Act

s.rule 170 Use of websites by administrator

s.rule 171 Special provision on account of expense as to website use

s.rule 172 Electronic submission of information

s.rule 173 Electronic submission of information where rule 172 does not apply

s.rule 174 Contents of notices to be advertised in the Edinburgh Gazette

s.rule 175 Notices otherwise advertised under the Regulations or these Rules

s.rule 176 Notices otherwise advertised

s.rule 177 Omission of unobtainable information

s.rule 178 Application of Chapter 3

s.rule 179 Information to be contained in all notifications to the registrar

s.rule 18 Order of appointment

s.rule 180 Notification relating to the administrator

s.rule 181 Notifications relating to documents

s.rule 182 Notifications relating to court orders

s.rule 183 Notifications relating to other events

s.rule 184 Notifications of more than one nature

s.rule 185 Notifications made to other persons at the same time

s.rule 186 Confidentiality of documents

s.rule 187 Right to inspect documents, to have list of creditors and to copy documents

s.rule 188 Sederunt book

s.rule 19 Caution

s.rule 190 Administrator’s caution

s.rule 191 Information about time spent on the special administration

s.rule 192 Service on joint administrators

s.rule 193 Proceedings commenced in the wrong court

s.rule 194 Proceedings other than special administration commenced

s.rule 2 Commencement

s.rule 20 Failure to find or maintain caution

s.rule 21 Remuneration

s.rule 22 Termination of appointment

s.rule 23 Application for a special administration (bank administration) order

s.rule 24 Statement of proposed administrator

s.rule 25 Lodging

s.rule 26 Service

s.rule 27 Expenses

s.rule 28 Notice of order

s.rule 29 Remuneration of the administrator

s.rule 3 Extent

s.rule 30 Appointment of person under section 135 of the 1986 Act

s.rule 31 Order of appointment

s.rule 32 Notification and advertisement of administrator’s appointment

s.rule 33 Notice requiring statement of affairs

s.rule 34 Details of the client assets held by the investment bank

s.rule 35 Statements of affairs and statements of concurrence

s.rule 36 Limited disclosure

s.rule 37 Release from duty to submit statement of affairs

s.rule 38 Expenses of statement of affairs

s.rule 39 Statement of proposals

s.rule 4 Interpretation

s.rule 40 Initial meeting

s.rule 41 Notice to officers

s.rule 42 Business of the initial meeting

s.rule 43 Adjournment of meeting to approve the statement of proposals

s.rule 44 Revision of the statement of proposals

s.rule 45 Meeting to approve the revised statement of proposals

s.rule 46 Notice to creditors and clients

s.rule 47 Meetings generally

s.rule 48 Venue

s.rule 49 Notice of meeting by individual notice: when and where sent

s.rule 5 Application of Rules

s.rule 50 Notice of meeting by individual notice: content and accompanying documents

s.rule 51 Notice of meeting by advertisement only

s.rule 52 Content of notice for meetings

s.rule 53 Advertisement of meetings

s.rule 54 Non-receipt of notice of meeting

s.rule 55 Requisition of meetings

s.rule 56 Expenses of requisitioned meetings

s.rule 57 Quorum at meetings

s.rule 58 Chair at meetings

s.rule 59 Adjournment by chair

s.rule 6 Content of application

s.rule 60 Adjournment in absence of chair

s.rule 61 Claims, proofs and proxies in adjournment

s.rule 62 Suspension

s.rule 63 Venue and conduct of company meetings

s.rule 64 Entitlement to vote (creditors)

s.rule 65 FSCS and voting rights

s.rule 66 Calculation of voting rights (creditors)

s.rule 67 Calculation of voting rights: special cases (creditors)

s.rule 69 Calculation of voting rights (clients)

s.rule 7 Statement of proposed administrator

s.rule 70 Procedure for admitting clients’ claims for voting

s.rule 71 Voting at meetings of creditors and clients

s.rule 72 Requisite majorities

s.rule 73 Requisite majorities at members or contributories’ meetings

s.rule 74 Administrator voting

s.rule 75 Correspondence instead of meetings

s.rule 76 Remote attendance at meetings conducted in accordance with section 246A(9) of the 1986 Act

s.rule 77 Action where person excluded

s.rule 78 Indication to excluded person

s.rule 79 Complaint

s.rule 8 Lodging of application

s.rule 80 Report of meeting

s.rule 81 Constitution of committee

s.rule 82 Formalities of establishment

s.rule 83 Functions and meetings of the committee

s.rule 84 The chair at meetings

s.rule 85 Quorum

s.rule 86 Committee members’ representatives

s.rule 87 Resignation

s.rule 88 Termination of membership

s.rule 89 Removal

s.rule 9 Service of application

s.rule 90 Vacancies

s.rule 91 Voting rights and resolutions

s.rule 92 Remote attendance at meetings of creditors’ committee

s.rule 93 Procedure for requests that a place for a meeting should be specified

s.rule 94 Resolutions otherwise than at a meeting

s.rule 95 Information from administrator

s.rule 96 Expenses of members

s.rule 97 Members dealing with the investment bank

s.rule 98 Formal defects

s.rule 99 Content of progress report

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

The Investment Bank Special Administration (Scotland) Rules 2011

Does it bind you?

Other Acts binding the same actors

What it requires