- Latest available (Revised)
- Point in Time (12/11/2021)
- Original (As made)
Point in time view as at 12/11/2021.
There are currently no known outstanding effects for the The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021, Section 260.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
260.—(1) The administrator may deliver a notice to each person to whom a notice or other document will be required to be given, delivered or sent in the special administration which contains—
(a)a statement that—
(i)future notices or other documents in the special administration other than those mentioned in paragraph (2) will be made available for viewing and downloading on a website without notice to the recipient, and
(ii)the administrator will not be obliged to deliver, give or send any such notices or other documents to the recipient of the notice unless it is requested by that person,
(b)a statement that the recipient of the notice may at any time request a hard copy of any or all of the following—
(i)all notices and other documents currently available for viewing on the website,
(ii)all future documents which may be made available there,
(c)a telephone number, email address and postal address which may be used to make a request for a hard copy of a notice or other document, and
(d)the address of the website, any password required to view and download a relevant document from that site.
(2) A statement under paragraph (1)(a) does not apply to the following notices or other documents—
(a)a notice or other document for which personal delivery is required,
(b)a notice under rule 116 of intention to declare a dividend, and
(c)a notice or other document which is not delivered, given or sent generally.
(3) A notice or other document is delivered, given or sent generally if it is delivered, given or sent to some or all of the following classes of persons—
(a)members;
(b)contributories;
(c)creditors;
(d)customers;
(e)any class of members, contributories, customers or creditors.
(4) An administrator who has delivered a notice under paragraph (1) is under no obligation—
(a)to notify a person to whom the notice has been delivered when a notice or other document to which the notice applies has been made available on the website, or
(b)to deliver a hard copy of such a notice or other document unless a request is received under paragraph (1)(b).
(5) An administrator who receives a request under paragraph (1)(b)—
(a)in respect of a notice or other document which is already available on the website must deliver a hard copy of the notice or other document to the recipient free of charge within five business days of receipt of the request, and
(b)in respect of all future notices or other documents must deliver each such notice or other document in accordance with the requirements for delivery of such a notice or other document in the Regulations and these Rules.
(6) A document to which a statement under paragraph (1)(a) applies must—
(a)remain 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)must be in a format that enables it to be downloaded within a reasonable time of a request being made for it to be downloaded.
(7) A notice or other document which is delivered to a person by means of a website in accordance with this rule, is deemed to have been delivered—
(a)when that notice or other document was first made available on the website, or
(b)if later, when the notice under paragraph (1) was delivered to that person.
(8) Paragraph (7) does not apply in respect of a person who has made a request under paragraph (1)(b)(ii) for hard copies of all future documents.
Commencement Information
I1Rule 260 in force at 12.11.2021, see rule 2
The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Instrument you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Instrument without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Instrument without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Instrument without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: