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104.—(1) An SMCL administrator who ceases to be in office as such, in consequence of removal, resignation or ceasing to be qualified to act as an insolvency practitioner, must as soon as reasonably practicable deliver to the person succeeding as SMCL administrator—
(a)the assets (after deduction of any expenses properly incurred and distributions made by the departing SMCL administrator);
(b)the records of the SMCL administration, including correspondence, proofs and other documents relating to the SMCL administration while it was within the responsibility of the departing SMCL administrator; and
(c)the SMCL’s books, papers and other records.
(2) It is an offence for the SMCL administrator to fail to comply with this Rule.
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