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

New administrator appointedE+W

This section has no associated Explanatory Memorandum

123.—(1) If a new administrator is appointed in place of another, the former administrator must as soon as is reasonably practicable transmit to the new administrator all proofs received, together with an itemised list of them.

(2) The new administrator must authenticate the list by way of receipt for the proofs, and return it to the former administrator.

(3) From then on, all proofs of debt must be sent to and retained by the new administrator.

Commencement Information

I1Rule 123 in force at 12.11.2021, see rule 2