PART 3Process of Bank Administration

Reports to creditors37

1

The bank administrator must send a copy of each progress report within 28 days of the end of the period covered by the report, to—

a

the creditors,

b

the court,

c

the Bank of England,

d

the FSA,

e

the FSCS, and

f

the registrar of companies.

2

Instead of complying with paragraph (1)(a) the bank administrator may publish the progress report on its internet website (and take appropriate steps to draw attention to it).

3

The court may, on the bank administrator’s application—

a

extend the period specified in paragraph (1),

b

make any other order about the content of a progress report.