The Investment Bank Special Administration (Scotland) Rules 2011

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