PART 18REPORTING AND REMUNERATION OF OFFICE-HOLDERS

CHAPTER 2Progress reports

Information about pre-administration costsC118

1

Where the administrator has made a statement of pre-administration costs under rule 3.35(10)(a)—

a

if they are approved under rule 3.52, the first progress report after the approval must include a statement setting out the date of the approval and the amounts approved;

b

while any of the costs remain unapproved each successive report must include a statement of any steps taken to get approval.

2

However if either the administrator has decided not to seek approval, or another insolvency practitioner entitled to seek approval has told the administrator of that practitioner's decision not to seek approval then—

a

the next report after that must include a statement of whichever is the case; and

b

no statement under paragraph (1)(b) is required in subsequent reports.