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The Investment Bank Special Administration (Scotland) Rules 2011
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Initial meeting
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40.—(1) As soon as reasonably practicable after an invitation to the initial meeting has been sent out in accordance with paragraph 51(1), (or in a special administration (bank administration), in accordance with paragraph 10 of Schedule 2 to the Regulations), the administrator must have advertised once in the Edinburgh Gazette—
(a)that an initial meeting of creditors and clients is to take place;
(b)the venue fixed for the meeting; and
(c)the full name and business address of the administrator.
(2) The information required to be advertised under paragraph (1) may also be advertised in such other manner as the administrator thinks fit.
(3) In a special administration (bank insolvency) or a special administration (bank administration) the Bank of England and the FSCS shall also be invited to the initial meeting.
(4) This rule shall not apply where the FSA has given a direction under regulation 16 and the direction has not been withdrawn.
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