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

Adjournment by chairE+W

This adran has no associated Memorandwm Esboniadol

47.—(1) The chair may, and must if the meeting so resolves, adjourn the meeting to such time and place as seems to the chair to be appropriate in the circumstances.

(2) An adjournment under this rule must not be for a period of more than fourteen days, subject to any direction by the court.

(3) If there are further adjournments, the final adjournment must not be to a day later than fourteen days after the date on which the meeting was originally held.

(4) Rule 36 applies with regard to the venue fixed for a meeting adjourned under this rule.

(5) This rule does not apply to the initial meeting of creditors and customers.

Commencement Information

I1Rule 47 in force at 12.11.2021, see rule 2