| Guvnor

Enforced by: FCA
Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader5 Director or Officer4

Other Acts binding the same actors

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

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

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

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.art027 Limited disclosure of the statement of proposals Regulated

Apply to court to limit disclosure of sensitive proposalsDirector or Officer

s.art043 Requisition of meetings Regulated

Provide required information when requesting a creditors' meetingTrader

s.art053 Calculation of voting rights (creditors) Regulated

Calculate voting rights for creditor claims correctlyTrader

s.art105 New administrator appointed Regulated

Former administrator must hand over all claims to new administratorDirector or Officer

s.art120 Proving a debt Regulated

Submit a written claim (proof of debt) to the administratorTrader

s.art123 New administrator appointed Regulated

Administrators must transfer proofs of debt when replacedDirector or Officer

s.art141 Realisation of security by creditor Regulated

Report actual sale value of secured assets to administratorTrader

s.art165 Recourse to the court Regulated

Administrator may ask court to change their pay if creditors set an unsuitable rateDirector or Officer

s.art184 Application to court by creditor Regulated

Serve court application to end special administration on the FCA and othersTrader

286 other provisions — procedural and definitional

s.art001 Citation

s.art002 Commencement

s.art003 Extent

s.art004 Interpretation

s.art005 Application of Rules

s.art006 Content of application

s.art007 Statement of proposed administrator

s.art008 Witness statement in support of application

s.art009 Filing of application

s.art010 Service of application

s.art011 Proof of service

s.art012 Further notification

s.art013 The hearing

s.art014 The special administration order

s.art015 Costs

s.art016 Notice of special administration order

s.art017 Notification and advertisement of administrator’s appointment

s.art018 Notice requiring statement of affairs

s.art019 Statement of affairs: content

s.art020 Details of the asset pool, safeguarding measures and reconciliation

s.art021 Verification, filing and statement of concurrence

s.art022 Limited disclosure

s.art023 Release from duty to submit statement of affairs

s.art024 Expenses of statement of affairs

s.art025 Submission of accounts

s.art026 Administrator’s proposals

s.art028 Initial meeting

s.art029 Notice to officers

s.art030 Business of the initial meeting

s.art031 Adjournment of meeting to approve the statement of proposals

s.art032 Revision of the statement of proposals

s.art033 Meeting to approve the revised statement of proposals

s.art034 Notice to creditors and customers

s.art035 Meetings generally

s.art036 Venue

s.art037 Notice of meeting by individual notice: when and where sent

s.art038 Notice of meeting by individual notice: content and accompanying documents

s.art039 Notice of meeting by advertisement only

s.art040 Content of notice for meetings

s.art041 Gazetting and advertisement of meetings

s.art042 Non-receipt of notice of meeting

s.art044 Expenses of requisitioned meetings

s.art045 Quorum at meetings

s.art046 Chair at meetings

s.art047 Adjournment by chair

s.art048 Adjournment in absence of chair

s.art049 Claims, proofs and proxies in adjournment

s.art050 Suspension

s.art051 Venue and conduct of company meetings

s.art052 Entitlement to vote (creditors)

s.art054 Calculation of voting rights: special cases (creditors)

s.art055 Procedure for admitting creditors’ claims for voting

s.art056 Entitlement to vote (customers)

s.art057 Procedure for admitting customers’ relevant funds claims for voting

s.art058 Voting at meetings of creditors and customers

s.art059 Requisite majorities

s.art060 Requisite majorities at contributories’ meetings

s.art061 Appeals against decisions under this Chapter

s.art062 Correspondence instead of meetings

s.art063 Remote attendance at meetings conducted in accordance with section 246A

s.art064 Action where person excluded

s.art065 Indication to excluded person

s.art066 Complaint

s.art067 Minutes

s.art068 Returns or reports of meetings

s.art069 Constitution of creditors’ committee

s.art070 Formalities of establishment

s.art071 Functions and meetings of the creditors’ committee

s.art072 The chair at meetings

s.art073 Quorum

s.art074 Creditors’ committee members’ representatives

s.art075 Resignation

s.art076 Termination of membership

s.art077 Removal

s.art078 Vacancies

s.art079 Procedure at meetings

s.art080 Remote attendance at meetings of creditors’ committee

s.art081 Procedure for requests that a place for a meeting should be specified

s.art082 Resolutions of creditors’ committees by post

s.art083 Information from administrator

s.art084 Expenses of members

s.art085 Members dealing with the institution

s.art086 Formal defects

s.art087 Content of progress report

s.art088 Delivering a progress report

s.art089 Definition of proxy

s.art090 Issue and use of forms

s.art091 Use of proxies at meetings

s.art092 Retention of proxies

s.art093 Right of inspection

s.art094 Proxy-holder with financial interest

s.art095 Corporate representation

s.art096 Application to dispose of charged property

s.art097 Expenses of voluntary arrangement

s.art098 Expenses to be paid out of the institution’s assets

s.art099 Expenses to be paid out of the relevant funds

s.art100 Pre-administration costs

s.art101 Allocation of expenses to be paid from the relevant funds

s.art102 Content of relevant funds claim

s.art103 Debt in a foreign currency

s.art104 Costs of making a claim

s.art106 Admission and rejection of relevant funds claim

s.art107 Appeal against decision on relevant funds claim

s.art108 Withdrawal or variation of relevant funds claim

s.art109 Exclusion of relevant funds claim by the court

s.art110 Notice of the bar date

s.art111 Notifying potential claimants after bar date has passed

s.art112 Distribution plan

s.art113 Approval by the creditors’ committee

s.art114 Approval by the court

s.art115 Treatment of late claimants

s.art116 Distribution to creditors

s.art117 Debts of institution to rank equally

s.art118 Supplementary provisions as to dividend

s.art119 Division of unsold assets

s.art121 Costs of proving

s.art122 Administrator to allow inspection of proofs

s.art124 Admission and rejection of proofs for dividend

s.art125 Appeal against decision on proof

s.art126 Withdrawal or variation of proof

s.art127 Exclusion of proof by the court

s.art128 Estimate of quantum

s.art129 Negotiable instruments

s.art130 Secured creditors

s.art131 Discounts

s.art132 Mutual credit and set-off

s.art133 Debt in a foreign currency

s.art134 Payments of a periodical nature

s.art135 Interest

s.art136 Debt payable at a future time

s.art137 Value of security

s.art138 Surrender for non-disclosure

s.art139 Redemption by administrator

s.art140 Test of security’s value

s.art142 Notice of proposed distribution

s.art143 Admission or rejection of proofs

s.art144 Postponement or cancellation of dividend

s.art145 Declaration of a dividend

s.art146 Notice of declaration of a dividend

s.art147 Payments of dividend and related matters

s.art148 Notice of no dividend or no further dividend

s.art149 Proof altered after payment of dividend

s.art150 Secured creditors

s.art151 Disqualification from dividend

s.art152 Assignment of right to dividend

s.art153 Debt payable at a future time

s.art154 General powers

s.art155 Powers of disclaimer

s.art156 Communication of disclaimer to persons interested

s.art157 Additional notices

s.art158 Records

s.art159 Application by interested party

s.art160 Interest in property to be declared on request

s.art161 Disclaimer presumed valid and effective

s.art162 Application for the exercise of court’s powers under section 181

s.art163 Fixing of remuneration

s.art164 Recourse to meeting of creditors and customers

s.art166 Creditors’ and customers’ request for further information

s.art167 Claim that remuneration is excessive

s.art168 Review of remuneration

s.art169 Remuneration of new administrator

s.art170 Apportionment of set fee remuneration

s.art171 Grounds for resignation

s.art172 Notice of intention to resign

s.art173 Notice of resignation

s.art174 Application to court to remove administrator from office

s.art175 Notice of vacation of office when administrator ceases to be qualified

s.art176 Administrator deceased

s.art177 Application to replace

s.art178 Notification and advertisement of appointment of replacement administrator

s.art179 Notification and advertisement of appointment of joint administrator

s.art180 Notification of new administrator

s.art181 Administrator’s duties on vacating office

s.art182 Final progress reports

s.art183 Application to court by administrator

s.art185 Notification by administrator of court order

s.art186 Moving from special administration to dissolution

s.art187 Principal court rules and practice to apply

s.art188 Shorthand writers — nomination, appointment, remuneration and costs

s.art189 Court file

s.art190 Office copies of documents

s.art191 Payments into court

s.art192 Further information and disclosure

s.art193 Witness statements — general

s.art194 Filing and service of witness statements

s.art195 Evidence provided by the administrator

s.art196 Application of Chapter

s.art197 Service of court documents within the jurisdiction

s.art198 Service of court documents outside jurisdiction

s.art199 Service of orders staying proceedings

s.art200 Service on joint office-holders

s.art201 Application of Chapter

s.art202 Form and contents of application

s.art203 Filing and service of application

s.art204 Directions

s.art205 Hearings without notice

s.art206 Hearing of application

s.art207 Adjournment of the hearing of an application

s.art208 Application of Chapter

s.art209 Applications under section 176A(5) to disapply section 176A

s.art210 Notice of application under section 176A(5)

s.art211 Notice of an order under section 176A(5)

s.art212 Application of section 236 of the IA 1986

s.art213 Form and contents of application

s.art214 Order for examination etc.

s.art215 Procedure for examination

s.art216 Record of examination

s.art217 Costs of proceedings under section 236 of the IA 1986

s.art218 Application of Chapter 8

s.art219 Appointment of another person to act

s.art220 Witness statement in support of application

s.art221 Service of notices following appointment

s.art222 Formal defects

s.art223 Application of Chapter 10

s.art224 Requirement to assess costs by the detailed procedure

s.art225 Procedure where detailed assessment is required

s.art226 Costs of officers charged with execution of writs or other process

s.art227 Costs paid otherwise than out of the institution’s estate

s.art228 Award of costs against the administrator

s.art229 Applications for costs

s.art230 Costs and expenses of witnesses

s.art231 Final costs certificate

s.art232 Enforcement of court orders

s.art233 Orders enforcing compliance with these Rules

s.art234 Warrants (general provisions)

s.art235 Warrants under section 236

s.art236 Application of Chapter 12

s.art237 Appeals and reviews of court orders

s.art238 Procedure on appeal

s.art239 Appeal against decision of the Secretary of State

s.art240 Preliminary

s.art241 Application for permission under section 216(3)

s.art242 First excepted case

s.art243 Second excepted case

s.art244 Third excepted case

s.art245 Costs, expenses etc

s.art246 Provable debts

s.art247 False representation of status for purpose of inspecting documents

s.art248 Punishment of offences

s.art249 Application

s.art250 Personal delivery

s.art251 Postal delivery of documents

s.art252 Notice etc to authorised recipients

s.art253 Application

s.art254 The form

s.art255 Proof of sending

s.art256 Authentication

s.art257 Electronic delivery — general

s.art258 Electronic delivery by administrator

s.art259 Use of websites by administrator

s.art260 General use of websites to deliver notices and other documents

s.art261 Electronic delivery of special administration documents to court

s.art262 Notice etc to joint administrators

s.art263 Execution overtaken by judgment debtor’s insolvency

s.art264 Notice to enforcement officers

s.art265 Electronic submission of information

s.art266 Contents of notices to be gazetted

s.art267 Gazette notices relating to an institution that is a company

s.art268 Omission of unobtainable information

s.art269 The Gazette — general

s.art270 Content of notices advertised other than in the Gazette

s.art271 Non-Gazette notice relating to an institution that is a company

s.art272 Non-Gazette notices — other provisions

s.art273 Application of Chapter 4

s.art274 Information to be contained in all notifications to the registrar of companies

s.art275 Notification relating to the administrator

s.art276 Notifications relating to documents

s.art277 Notifications relating to court orders

s.art278 Notifications relating to other events

s.art279 Notifications of more than one nature

s.art280 Notifications made to other persons at the same time

s.art281 Confidentiality of documents — grounds for refusing inspection

s.art282 Right to copy documents

s.art283 Charges for copy documents

s.art284 Right to have list of creditors

s.art285 Time limits

s.art286 Administrator’s security

s.art287 Proceedings commenced in the wrong court

s.art288 Proceedings other than special administration commenced

s.art289 Introduction

s.art290 “The court” and “the registrar”

s.art291 Venue

s.art292 Insolvent estate

s.art293 The appropriate fee

s.art294 “Debt” and “liability”

s.art295 Application of the IA 1986 and the Company Directors Disqualification Act

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

The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021

Does it bind you?

Other Acts binding the same actors

What it requires