The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022

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 114

Payments of dividends

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