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

Expenses of statement of affairsE+W

This adran has no associated Memorandwm Esboniadol

24.—(1) A nominated person making the statement of affairs or a relevant person making a statement of concurrence must be allowed, and paid by the administrator as an expense of the special administration, any expenses incurred by the nominated person or relevant person in so doing which the administrator considers reasonable.

(2) Any decision by the administrator under this rule is subject to appeal to the court.

(3) Nothing in this rule relieves a nominated person or a relevant person from any obligation with respect to:

(a)the preparation, verification and submission of the statement of affairs or a statement of concurrence, or

(b)the provision of information to the administrator.

Commencement Information

I1Rule 24 in force at 12.11.2021, see rule 2