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

Notice of special administration orderE+W

This adran has no associated Memorandwm Esboniadol

16.—(1) If the court makes a special administration order, it must, as soon as is reasonably practicable, deliver 3 sealed copies to the applicant.

(2) The applicant must as soon as is reasonably practicable, deliver a sealed copy to—

(a)the administrator, and

(b)the FCA (if not the applicant).

(3) If the court makes an order under regulation 10(1)(d) or regulation 10(1)(f), it must give directions as to the persons to whom and how notice of that order is to be given.

Commencement Information

I1Rule 16 in force at 12.11.2021, see rule 2