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There are currently no known outstanding effects for the The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021, Section 259.
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259.—(1) This rule applies for the purposes of section 246B.
(2) Where the administrator is required to give, deliver or send a notice or other document to any person (other than in a case where personal service is required), the administrator may satisfy that requirement by sending that person a notice which contains—
(a)a statement that the notice or other document is available for viewing and downloading on a website,
(b)the address of that website together with any password necessary to view and download the notice or other document from that site, and
(c)a statement that the person to whom the notice is given, delivered or sent may request a hard copy of the notice or other document and specifying a telephone number, e-mail address and postal address which may be used to make that request.
(3) Where a notice to which this rule applies is sent, the notice or other document to which it relates must—
(a)be available on the website for a period of not less than two months after the end of the special administration or (if later) the release of the last person to hold office as administrator in the special administration, and
(b)be in a format that enables it to be downloaded from the website within a reasonable time of a request being made for it to be downloaded.
(4) Where a hard copy of the document is requested it must be sent free of charge within five business days of the receipt of the request by the administrator.
(5) Where a document is given, delivered or sent to a person by means of a website in accordance with this rule, it is deemed to have been delivered—
(a)when the document was first made available on the website, or
(b)if later, when the notice under paragraph (2) was delivered to that person.
Commencement Information
I1Rule 259 in force at 12.11.2021, see rule 2
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