| Guvnor

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

Does it bind you?

Business-side roles with duties under this instrument.

Director or Officer6 Trader2

Plus 1 duty 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

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 102 New administrator appointed Regulated

Former administrator must transfer funds claims to new administratorDirector or Officer

s.rule 114 Payments of dividends Regulated

Administrator must pay dividends and hold unclaimed fundsDirector or Officer

s.rule 115 New administrator appointed Regulated

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

s.rule 116 Submission of claims Regulated

Submit proof of debt to administrator for a dividendTrader

s.rule 119 Adjudication of Claims Regulated

Administrator must assess creditor claims and send a list to creditors and FCADirector or Officer

s.rule 195 Transfer and disposal of institution’s books, papers and other records Regulated

Dispose of the institution's books, papers and records following directionsDirector or Officer

s.rule 25 Limited disclosure of the statement of proposals Regulated

Manage limited disclosure of the statement of proposalsDirector or Officer

s.rule 41 Requisition of meetings Regulated

Other duties (1) — Crown / regulator

Administrator must hold requisitioned meetings and notify FCAStatutory regulator

s.rule 74 Termination of membership Regulated

Creditors' committee members must step down or be removed in certain circumstancesTrader

198 other provisions — procedural and definitional

s.rule 1 Citation

s.rule 10 Further notification

s.rule 100 Debt in a foreign currency

s.rule 101 Costs of making a claim

s.rule 103 Admission and rejection of relevant funds claim

s.rule 104 Appeal against decision on relevant funds claim

s.rule 105 Withdrawal or variation of relevant funds claim

s.rule 106 Exclusion of relevant funds claim by the court

s.rule 107 Notice of the bar date

s.rule 108 Notifying potential claimants after bar date has passed

s.rule 109 Distribution plan

s.rule 11 The hearing

s.rule 110 Approval by the creditors’ committee

s.rule 111 Approval by the court

s.rule 112 Treatment of late claimants

s.rule 113 Application and Interpretation of Part

s.rule 117 False claims or evidence

s.rule 118 Evidence of Claims

s.rule 12 The special administration order

s.rule 120 Entitlement to draw a dividend

s.rule 121 Liabilities and rights of obligants

s.rule 122 Amount which may be claimed generally

s.rule 123 Debts depending on contingency

s.rule 124 Secured debts

s.rule 125 Claims in a foreign currency

s.rule 126 Administrator to allow inspection of statements of claim

s.rule 127 Order of priority in distribution

s.rule 128 Assets to be distributed in respect of the accounting periods

s.rule 129 Remuneration of administrator

s.rule 13 Expenses allowed by the court

s.rule 130 Appeal against fixing of remuneration

s.rule 131 Claim that remuneration is excessive

s.rule 132 Grounds for resignation

s.rule 133 Notice of intention to resign

s.rule 134 Notice of resignation

s.rule 135 Application to court to remove administrator from office

s.rule 136 Notice of vacation of office when administrator ceases to be qualified

s.rule 137 Administrator deceased

s.rule 138 Application to replace

s.rule 139 Notification and advertisement of appointment of replacement administrator

s.rule 14 Notice of special administration order

s.rule 140 Notification and advertisement of appointment of joint administrator

s.rule 141 Notification of new administrator

s.rule 142 Administrator’s duties on vacating office

s.rule 143 Final progress reports

s.rule 144 Application to court by administrator

s.rule 145 Application to court by creditor

s.rule 146 Notification by administrator of court order

s.rule 147 Moving from special administration to dissolution

s.rule 148 Application of Chapter

s.rule 149 Applications under section 176A(5) of the IA 1986 to disapply section 176A(2) of the IA 1986

s.rule 15 Notification and advertisement of administrator’s appointment

s.rule 150 Notice of an order under section 176A(5) of the IA 1986

s.rule 151 Power to cure defects in procedure

s.rule 152 Formal defects

s.rule 153 Preliminary

s.rule 154 Application for permission under section 216(3) of the IA 1986

s.rule 155 First excepted case

s.rule 156 Second excepted case

s.rule 157 Third excepted case

s.rule 158 Costs, expenses etc

s.rule 159 False representation of status for purpose of inspecting documents

s.rule 16 Notice requiring statement of affairs

s.rule 160 Punishment of offences

s.rule 161 Application

s.rule 162 Personal delivery

s.rule 163 Postal delivery of documents

s.rule 164 Notice etc to authorised recipients

s.rule 165 Application

s.rule 166 The form

s.rule 166a Content of notice to be sent by the administrator

s.rule 167 Proof of sending

s.rule 168 Authentication

s.rule 169 Electronic delivery — general

s.rule 17 Statement of affairs: content

s.rule 170 Electronic delivery by administrator

s.rule 171 Use of websites by administrator

s.rule 172 General use of websites to deliver notices and other documents

s.rule 173 Electronic delivery of special administration documents to court

s.rule 174 Notice etc to joint administrators

s.rule 175 Delivery of statements of claim and documentary evidence of debt

s.rule 176 Electronic submission of information

s.rule 177 Contents of notices to be gazetted

s.rule 178 Omission of unobtainable information

s.rule 179 The Gazette — general

s.rule 18 Details of the asset pool, safeguarding measures and reconciliation

s.rule 180 Content of notices advertised other than in the Gazette

s.rule 181 Non-Gazette notices — other provisions

s.rule 182 Application of Chapter 4

s.rule 183 Information to be contained in all notifications to the registrar of companies

s.rule 184 Notification relating to the administrator

s.rule 185 Notifications relating to documents

s.rule 186 Notifications relating to court orders

s.rule 187 Notifications relating to other events

s.rule 188 Notifications of more than one nature

s.rule 189 Notifications made to other persons at the same time

s.rule 19 Statement of concurrence

s.rule 190 Confidentiality of documents — grounds for refusing inspection

s.rule 191 Right to copy documents

s.rule 192 Charges for copy documents

s.rule 193 Right to have list of creditors

s.rule 194 Sederunt book

s.rule 196 Periods of time expressed in days

s.rule 197 Periods of time expressed in months

s.rule 198 Administrator’s caution

s.rule 199 Service on joint administrators

s.rule 2 Commencement

s.rule 20 Limited disclosure

s.rule 200 Proceedings commenced in the wrong court

s.rule 201 Proceedings other than special administration commenced

s.rule 202 Introduction

s.rule 203 Venue

s.rule 204 Insolvent estate and institution’s assets

s.rule 205 “Debt”

s.rule 206 Application of the IA 1986 and the Company Directors Disqualification Act 1986

s.rule 21 Release from duty to submit statement of affairs

s.rule 22 Expenses of statement of affairs

s.rule 23 Submission of accounts

s.rule 24 Administrator’s proposals

s.rule 26 Initial meeting

s.rule 27 Notice to officers

s.rule 28 Business of the initial meeting

s.rule 29 Adjournment of meeting to approve the statement of proposals

s.rule 3 Extent

s.rule 30 Revision of the statement of proposals

s.rule 31 Meeting to approve the revised statement of proposals

s.rule 32 Notice to creditors and customers

s.rule 33 Meetings generally

s.rule 34 Venue

s.rule 35 Notice of meeting by individual notice: when and where sent

s.rule 36 Notice of meeting by individual notice: content and accompanying documents

s.rule 37 Notice of meeting by advertisement only

s.rule 38 Content of notice for meetings

s.rule 39 Gazetting and advertisement of meetings

s.rule 4 Interpretation

s.rule 40 Non-receipt of notice of meeting

s.rule 42 Expenses of requisitioned meetings

s.rule 43 Quorum at meetings

s.rule 44 Chair at meetings

s.rule 45 Adjournment by chair

s.rule 46 Adjournment in absence of chair

s.rule 47 Statements of claim and proxies in adjournment

s.rule 48 Suspension

s.rule 49 Venue and conduct of company meetings

s.rule 5 Application of Rules

s.rule 50 Entitlement to vote (creditors)

s.rule 51 Calculation of voting rights (creditors)

s.rule 52 Calculation of voting rights: special cases (creditors)

s.rule 53 Procedure for admitting creditors’ claims for voting

s.rule 54 Entitlement to vote (customers)

s.rule 55 Procedure for admitting customers’ relevant funds claims for voting

s.rule 56 Voting at meetings of creditors and customers

s.rule 57 Requisite majorities

s.rule 58 Requisite majorities at contributories’ meetings

s.rule 59 Appeals against decisions under this Chapter

s.rule 6 Content of application

s.rule 60 Correspondence instead of meetings

s.rule 61 Remote attendance at meetings conducted in accordance with section 246A of the IA 1986

s.rule 62 Action where person excluded

s.rule 63 Indication to excluded person

s.rule 64 Complaint

s.rule 65 Minutes

s.rule 66 Returns or reports of meetings

s.rule 67 Constitution of creditors’ committee

s.rule 68 Formalities of establishment

s.rule 69 Functions and meetings of the creditors’ committee

s.rule 7 Statement of proposed administrator

s.rule 70 The chair at meetings

s.rule 71 Quorum

s.rule 72 Creditors’ committee members’ representatives

s.rule 73 Resignation

s.rule 75 Removal

s.rule 76 Vacancies

s.rule 77 Procedure at meetings

s.rule 78 Remote attendance at meetings of creditors’ committee

s.rule 79 Procedure for requests that a place for a meeting should be specified

s.rule 8 Lodging of application

s.rule 80 Resolutions of creditors’ committees by post

s.rule 81 Information from administrator

s.rule 82 Expenses of members

s.rule 83 Members dealing with the institution

s.rule 84 Formal defects

s.rule 85 Content of progress report

s.rule 86 Sending a progress report

s.rule 87 Definition of proxy

s.rule 88 Issue and use of forms

s.rule 89 Use of proxies at meetings

s.rule 9 Service of application

s.rule 90 Retention of proxies

s.rule 91 Right of inspection

s.rule 92 Proxy-holder with financial interest

s.rule 93 Corporate representation

s.rule 94 Application to dispose of secured property

s.rule 95 Expenses to be paid out of the institution’s assets

s.rule 96 Expenses to be paid out of the relevant funds

s.rule 97 Pre-administration costs

s.rule 98 Allocation of expenses to be paid from the relevant funds

s.rule 99 Content of relevant funds claim

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 (Scotland) Rules 2022

Does it bind you?

Other Acts binding the same actors

What it requires