The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021 No. 1178

PART 3 E+W Process of Special Administration

CHAPTER 8 E+W The creditors’ committee

Formal defects E+W

86.  The acts of the creditors’ committee established for a special administration are valid despite any defect in the appointment, election or qualifications of any member of the creditors’ committee or any creditors’ committee-member’s representative or in the formalities of its establishment.

Commencement Information

I1 Rule 86 in force at 12.11.2021, see rule 2