Fixing of remuneration
This section has no associated Explanatory Memorandum
99.—(1) Apply rule 4.134 of the 1991 Rules.
(2) In paragraph (3), omit from “Where” to “receiver,”.
(3) For paragraph (5) substitute—
“(5) If under rule 42(3) of the 2014 Rules the liquidation committee ceases to exist at the end of the first meeting of creditors, the terms on which the building society liquidator is to be remunerated, determined by the initial liquidation committee under rule 18 of the 2014 Rules, can be re-determined by a resolution of a meeting of creditors and paragraph (4) applies to the determination of the creditors as it does to the determination of the liquidation committee.”.
(4) In paragraph (6), for “Where” to “his”, substitute “Where the building society liquidator’s”.