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

The chair at meetingsE+W

This section has no associated Explanatory Memorandum

72.—(1) The chair at any meeting of the creditors’ committee must be the administrator, or a person appointed by the administrator in writing to act.

(2) A person so appointed must be—

(a)one who is qualified to act as an insolvency practitioner in relation to the institution, or

(b)an employee of the administrator or the administrator’s firm who is experienced in insolvency matters.

Commencement Information

I1Rule 72 in force at 12.11.2021, see rule 2