The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021

Admission and rejection of relevant funds claim

This section has no associated Explanatory Memorandum

106.—(1) The administrator may admit or reject a relevant funds claim in whole or in part.

(2) If the administrator rejects a relevant funds claim in whole or in part, the administrator must prepare a written statement of reasons for doing so, and deliver it as soon as is reasonably practicable to the claimant.