Valid from 15/09/2003
[F148(1)A person required to submit a statement of affairs must do so before the end of the period of 11 days beginning with the day on which he receives notice of the requirement.E+W+S
(2)The administrator may—
(a)revoke a requirement under paragraph 47(1), or
(b)extend the period specified in sub-paragraph (1) (whether before or after expiry).
(3)If the administrator refuses a request to act under sub-paragraph (2)—
(a)the person whose request is refused may apply to the court, and
(b)the court may take action of a kind specified in sub-paragraph (2).
(4)A person commits an offence if he fails without reasonable excuse to comply with a requirement under paragraph 47(1).]
Textual Amendments
F1Sch. B1 inserted (15.9.2003) by 2002 c. 40, ss. 248(2), 279, Sch. 16 (with s. 249(1)-(3)(6)); S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))
Modifications etc. (not altering text)
C1Sch. B1 para. 48 applied (with modifications) (17.2.2009 for certain purposes, otherwise 21.2.2009) by Banking Act 2009 (c. 1), ss. 145, 263(1)(2) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch. para. 3