Applications under section 176A(5) to disapply section 176AE+W
This
adran has no associated
Memorandwm Esboniadol
209.—(1) An application under section 176A(5) must be accompanied by a witness statement by the administrator.
(2) The witness statement must state—
(a)that the institution is in special administration,
(b)a summary of the financial position of the institution, and
(c)the information substantiating the administrator’s view that the cost of making a distribution to unsecured creditors would be disproportionate to the benefits.
Commencement Information
I1Rule 209 in force at 12.11.2021, see rule 2