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

Grounds for resignationE+W

This section has no associated Explanatory Memorandum

171.—(1) The administrator may resign in the following circumstances—

(a)on grounds of ill health,

(b)that the administrator intends ceasing to be in practice as an insolvency practitioner, or

(c)that there is some conflict of interest, or change of personal circumstances, which precludes or makes impracticable the further discharge by that person of the duties of administrator.

(2) The administrator may, with the permission of the court, resign on grounds other than those specified in paragraph (1).

Commencement Information

I1Rule 171 in force at 12.11.2021, see rule 2