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PART 12E+WProvisions of general effect

CHAPTER 1E+WMiscellaneous and general

Costs, expenses etcE+W

245.—(1) All fees, costs, charges and other expenses incurred in the course of the special administration are, unless otherwise stated, to be regarded as expenses of the special administration.

(2) The costs associated with the prescribed part must be paid out of the prescribed part.

Commencement Information

I1Rule 245 in force at 12.11.2021, see rule 2

Provable debtsE+W

246.—(1) Except as provided in this rule, all claims by creditors are provable as debts against the institution whether they are present or future, certain or contingent, ascertained or sounding only in damages.

(2) Obligations arising under Part 2, 3 or 4 of the Proceeds of Crime Act 2002(1) are not provable.

(3) The following claims are not provable until all other claims of creditors have been paid in full with interest under rule 135:

(a)any claim arising by virtue of section 382(1)(a) of the FSMA 2000(2), unless it is also a claim arising by virtue of section 382(1)(b) of that Act;

(b)any claim which by virtue of the IA 1986 or any other enactment is a claim the payment of which in a special administration is to be postponed.

(4) Nothing in this rule prejudices any enactment or rule of law under which a particular kind of debt is not provable.

Commencement Information

I2Rule 246 in force at 12.11.2021, see rule 2

False representation of status for purpose of inspecting documentsE+W

247.—(1) It is an offence for a person who does not have a right under these Rules to inspect a relevant document falsely to claim to be a creditor, customer, member of the institution or contributory of the institution with the intention of gaining sight of the relevant document.

(2) A relevant document is one which is on the court file or in the hands of the administrator or any other person and which a creditor, customer, member of the institution or contributory of the institution has a right to inspect under these Rules.

(3) A person guilty of an offence under this rule is liable to imprisonment or a fine, or both, as set out in the Schedule.

Commencement Information

I3Rule 247 in force at 12.11.2021, see rule 2

Punishment of offencesE+W

248.  The Schedule has effect with respect to the ways in which certain contraventions of the Rules are punishable.

Commencement Information

I4Rule 248 in force at 12.11.2021, see rule 2